2110 Southern Ave Mesa, AZ 85202-4735

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.