2110 Southern Ave Mesa, AZ 85202-4735
- Strip malls
- 10,341 SF
- 0.88 lot acres
Current Use by Public Records
- Little Caesars Pizza / Pizza Restaurant / Fast Food Restaurant
- Firehouse Subs Southern & Dobson / Sandwich Shop / Caterer
- ABC Children's Eye Specialists / Eye Care Center / Optician
- Adriana Ferreira, OD / Optometrist
- Brendan Cassidy, MD / Ophthalmologist
Property Details for 2110 Southern Ave
- Year built
- 1977
- Construction
- CONCRETE
- Lot size
- 0.88 lot acres
- Property size
- 10,341 SF
- Zone code
- LC
- Property type
- Strip malls
- Property subtype
- Neighborhood centers
- APN
- 134-42-228H
- APU
- 13442228H
Description
This exceptional 10,475 square foot multi-tenant retail shopping center presents a compelling investment opportunity in Mesa, Arizona. Located at 2110 W Southern Ave, 85202, this property boasts a strong 6.00% capitalization rate and a Net Operating Income (NOI) of $226,731. The asking price is $3,778,854, translating to a price per square foot of $360.75. The property features five established tenants: Little Caesars, Firehouse Subs, ABC Children’s Eye Specialists, Disco Nail club, and Dogos y Tacos El Gordo, ensuring a stable income stream. The Absolute NNN lease structure minimizes landlord responsibilities. Situated on a 38,219 square foot lot (APN 134-42-228H), the plaza benefits from its prime location directly across Southern Avenue from Banner Hospital, a major employer with approximately 3,700 employees. Furthermore, the property enjoys proximity to Mesa Community College, with over 29,000 students, and serves a high-income demographic with average household incomes exceeding $95,000 within a three-mile radius. The leases demonstrate strong annual increases during initial terms and option periods, promising continued growth and return on investment. This is a rare opportunity to acquire a well-positioned, high-performing retail asset in a thriving market.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $2,565,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $2,485,000
- 6.5%
- $2,620,000
- 7%
- $2,850,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $2,595,000
- Geo Method
- $2,830,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $2,880,000
- Retail
- $2,420,000
- Mixed-Use
- $2,760,000
- Hospitality
- $2,245,000
- Educational
- $2,150,000
- Residential Income
- $2,825,000
- Energy
- $2,560,000
- Income-Based Land
- $2,205,000
- Food Service
- $2,855,000
Location Insight
- Map
- Local Demand
- City
- Mesa
- County
- Maricopa
- State
- Arizona
- Longitude
- -111.877
- Latitude
- 33.3936
- CBSA code
- 38060
- CBSA name
- PHOENIX-MESA-SCOTTSDALE, AZ METROPOLITAN STATISTICAL AREA
