2807 Power Rd Mesa, AZ 85215-1728
This vacant 11,415-square-foot retail building, formerly a CVS Pharmacy, presents a unique investment opportunity in Mesa, Arizona. Situated on a prominent 1.85-acre northeast corner lot at the intersection of Power Road and McDowell Road, this freestanding building benefits from exceptional visibility and high traffic counts. Its strategic location offers easy access to the Loop 202 freeway, ensuring convenient access for customers. The property includes 55 parking spaces and a convenient drive-thru on the south side, catering to diverse customer needs. The building's layout is typical of a large pharmacy/department store, offering ample space for various retail uses. The property boasts excellent co-tenancy with established businesses such as Albertsons, Bashas, Big 5 Sporting Goods, Starbucks, and Goodwill, creating a strong retail synergy. Located within the affluent North Mesa trade area, this property is surrounded by several upscale master-planned communities, guaranteeing a high-income demographic. This presents a compelling opportunity for a savvy investor or retailer seeking a well-positioned space in a thriving market. The property is vacant and ready for immediate occupancy.
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Coinhub Bitcoin ATM Teller Atm
Limited Commercial (LC). To provide areas for indoor retail, entertainment, and service-oriented businesses that serve the surrounding residential trade area within a one (1) to 10-mile radius. Typical uses include, but are not limited to, grocery stores and additional large commercial developments, anchored tenant shopping centers with additional drug store…
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
LC · Mesa, AZLimited Commercial (LC). To provide areas for indoor retail, entertainment, and service-oriented businesses that serve the surrounding residential trade area within a one (1) to 10-mile radius. Typical uses include, but are not limited to, grocery stores and additional large commercial developments, anchored tenant shopping centers with additional drug stores, fast-food restaurants, hardware and building supply stores, gas stations with convenience stores, and restaurants and cafes. Other typical uses include, but are not limited to, those anchors and large commercial developments that are typically located within a regional mall, retail outlet, or power center. Other compatible uses include medical and professional offices, as well as public and semi-public uses. 3.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.