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Escobedo Plaza 308-340 E University Dr 36,145 SF of Retail Space Available in Mesa, AZ 85201
HIGHLIGHTS
- Escobedo Plaza presents an opportunity to fill a 36,145-square-foot anchor space with an available tenant improvement allowance.
- Exterior renovations have been completed, with upgrades to the exterior façade, and more planned included the monuments and parking lot.
- Blocks away from Main Street, where many local and national retailers are found, like Bank of America, Outcast Doughnuts, and 12 West Brewing.
- In Downtown Mesa, Escobedo Plaza is surrounded by desirable family-friendly neighborhoods, top-rated schools, and rich historic landmarks.
SPACE AVAILABILITY (1)
Display Rental Rate as
- SPACE
- SIZE
- TERM
- RENTAL RATE
- RENT TYPE
| Space | Size | Term | Rental Rate | Rent Type | ||
| 1st Floor, Ste 316 | 36,145 SF | Negotiable | Upon Request Upon Request Upon Request Upon Request Upon Request Upon Request | TBD |
308-340 E University Dr - 1st Floor - Ste 316
Available anchor space with prominent monument signage on University and Mesa Dr. The property was recently remodeled with more planned improvements in the works. Tenant improvement allowance is available.
Rent Types
The rent amount and type that the tenant (lessee) will be responsible to pay to the landlord (lessor) throughout the lease term is negotiated prior to both parties signing a lease agreement. The rent type will vary depending upon the services provided. For example, triple net rents are typically lower than full service rents due to additional expenses the tenant is required to pay in addition to the base rent. Contact the listing broker for a full understanding of any associated costs or additional expenses for each rent type.
1. Full Service: A rental rate that includes normal building standard services as provided by the landlord within a base year rental.
2. Double Net (NN): Tenant pays for only two of the building expenses; the landlord and tenant determine the specific expenses prior to signing the lease agreement.
3. Triple Net (NNN): A lease in which the tenant is responsible for all expenses associated with their proportional share of occupancy of the building.
4. Modified Gross: Modified Gross is a general type of lease rate where typically the tenant will be responsible for their proportional share of one or more of the expenses. The landlord will pay the remaining expenses. See the below list of common Modified Gross rental rate structures: 4. Plus All Utilities: A type of Modified Gross Lease where the tenant is responsible for their proportional share of utilities in addition to the rent. 4. Plus Cleaning: A type of Modified Gross Lease where the tenant is responsible for their proportional share of cleaning in addition to the rent. 4. Plus Electric: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the electrical cost in addition to the rent. 4. Plus Electric & Cleaning: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the electrical and cleaning cost in addition to the rent. 4. Plus Utilities and Char: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the utilities and cleaning cost in addition to the rent. 4. Industrial Gross: A type of Modified Gross lease where the tenant pays one or more of the expenses in addition to the rent. The landlord and tenant determine these prior to signing the lease agreement.
5. Tenant Electric: The landlord pays for all services and the tenant is responsible for their usage of lights and electrical outlets in the space they occupy.
6. Negotiable or Upon Request: Used when the leasing contact does not provide the rent or service type.
7. TBD: To be determined; used for buildings for which no rent or service type is known, commonly utilized when the buildings are not yet built.
PROPERTY FACTS
ABOUT THE PROPERTY
Escobedo Plaza located at 308-340 University Drive in Mesa, is a 50,905-square-foot multi-tenant neighborhood center in Mesa, Arizona. This center has been recently been remodeled featuring a brand new facade, with parking lot and lighting planned for 2025. Located on the North East corner of University and Mesa Drive, Escobedo Plaza has a front seat to over 46,456 vehicles per day. The site has multiple ingress and egress locations along both streets. Escobedo Plaza is conveniently situated minutes from the major travel arteries of Highway 202, 87, and State Highway 60. The center is ideally located in Downtown Mesa, a highly sought-after suburb 20 miles from Phoenix filled with mountain views, scenic parks, golf courses, and beautiful neighborhoods. With approximately 127,955 residents living within a 5-mile radius, businesses can take advantage of the strong demographics with an average income of $74,742.
- 24 Hour Access
- Air Conditioning
- Bus Line
- Restaurant
- Signalized Intersection
NEARBY MAJOR RETAILERS
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Escobedo Plaza | 308-340 E University Dr
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