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Financial
Distress signals
Property profile

6149 Southern Ave Mesa, AZ 85206

OFF-MARKET
Turn key restaurants
Property ID
US07-1178983
8,411 SF 1.08 ac lot Built 1993
Last sale May 2025 · $5,150,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 1-yr Hold Held for 1 years. Free & Clear No active or open recorded mortgage detected.
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Property summary

AI-generated overview

This exceptional investment opportunity presents the fee simple ownership of a Red Lobster restaurant in Mesa, Arizona. The property boasts 8,411 square feet on a 1.08-acre lot, featuring 62 parking spaces. Built in 1993, this single-tenant, absolute NNN leased property offers a substantial remaining lease term of approximately 15.7 years, with four 5-year renewal options. The lease commenced August 1, 2015, and expires August 1, 2040, ensuring long-term income stability. The current asking…

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. In the full report.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with the full report.

Debts

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.

Property tax · 2023

What does the county charge?
$25k
Tax billed · 2023
Assessed value · 2024$443k
Effective rate5.65%

Value estimate

· Oct 2026
$4.19M
$3.77M – $4.61M
Submarket $/SF estimate$4.11M

Realmo valuation models over county records and 6 qualifying comparable sales.

Recently sold

What actually traded nearby?
$640/SF
Submarket average, outlier-cleaned · 74 recorded sales of this use type
Observed band · Q1–Q3$264 – $1,183
Qualifying comparables6

Cap rate analysis

How does the asset earn?

No income signal is modeled for this parcel yet — the Cap Rates tab runs the workflow.

Zoning insight

What can be built here?
C-G
JurisdictionMARICOPA

Location intelligence

Which uses thrive at this corner?
Best fit: Law Firm
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Law Firm23.5
Building Supply23.3
Wholesale Shop22.8

Location

6149 Southern Ave Mesa, AZ 85206-3734
County assessor Recorded deeds · 7 transfers 6 qualifying comp sales Zoning catalog

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 17 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
6610 Superstition Spgs, Mesa, AZ 85206-4324 $3,575,000 Jan 2026 6,217 SF
4210 Baseline, Mesa, AZ 85206-4417 $2,675,000 Dec 2024 10,108 SF
5114 Southern, Mesa, AZ 85206-2781 $2,575,000 Sep 2024 10,809 SF
1155 Power, Mesa, AZ 85206-3715 $11,600,000 Jun 2024 12,428 SF
6737 Baseline, Mesa, AZ 85206-4327 $16,700,000 Apr 2023 7,000 SF
6005 Southern, Mesa, AZ 85206-3624 $4,000,000 Sep 2022 9,908 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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