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Property summary
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… price is $5,670,000, representing an attractive 8.00% cap rate and a strong NOI of $453,600. The lease includes 2% annual rent bumps, providing inflation protection. The property is located at a signalized intersection on E Southern Ave, a major retail thoroughfare, with high visibility and significant traffic volume. It's an outparcel to a Walmart Supercenter and enjoys proximity to other major retailers, including a shopping mall with anchors like Macy's and Best Buy, as well as Costco and Target. The property's location within a densely populated area with high average household income further enhances its investment appeal. The permitted zoning is LC (Limited Commercial), and the APN is 141-54-057. This is a management-free investment opportunity with significant upside potential. The property is currently 100% occupied.
Ownership intelligence
Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. In the full report.
Owner contacts
Skip-traced phones and e-mails of the owner. Included with the full report.
Debts
Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.
Property tax · 2023
Value estimate
· Oct 2026Realmo valuation models over county records and 6 qualifying comparable sales.
Recently sold
Cap rate analysis
No income signal is modeled for this parcel yet — the Cap Rates tab runs the workflow.
Zoning insight
Location intelligence
Demand index: how under-served this business type is around this point — modeled from the LocInt grid (area demand vs. what already operates, adjusted by real visit traffic). Higher means stronger unmet demand.
Location
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 nearbyComparable nearby
Similar Nearby for Sale
Similar Nearby for Lease
Instant AI valuation built from comps, income signals, and proprietary benchmarks.A defensible range, not a single guess.
from $199/month
- GBA
- 8,411 SF
- Lot area
- 1.08 ac
- Year built
- 1993
- Stories
- 1
- APN
- 141-54-057
- Zoning
- C-G
- Assessed value · 2024
- $442,786
- Annual tax · 2023
- $24,998
- Restaurant · current use
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $199/month
Price sensitivity
The rate is the decision lever; valuation is the consequence.
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
Registration is required before the official district profile is shown.
Unlock the evidence behind ownership: portfolio, transactions, debt and any signals we can model, to help you decide who to contact next.
Registration is required before any owner information is shown.
The mortgage data is behind the paid report: recorded loans of the owner - lender, amount, rate and the estimated maturity - as part of the Ownership Intelligence workspace.
Registration is required before any owner information is shown.
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- Signals, scores & lead lists
- 300 owner contacts a month
- 30 full reports a month
- Ownership
- Owner Contacts
- Location Analytics
- Full Property Data
- Historical Records
- Value Estimation
- NOI Potential
- Cap Rate Calculation
- Location Insight
- Alternative use
- Local Zoning Insight
Cancel anytime.
- Signals, scores & lead lists
- 1500 owner contacts a month
- 150 full reports a month
- Ownership
- Owner Contacts
- Location Analytics
- Full Property Data
- Historical Records
- Value Estimation
- NOI Potential
- Cap Rate Calculation
- Location Insight
- Alternative use
- Local Zoning Insight
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