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Stapley Square 515 N Stapley Dr 24,568 SF 100% Leased Retail Building Mesa, AZ 85203 $6,022,233 ($245.13/SF) 6% Cap Rate



INVESTMENT HIGHLIGHTS
- 100% occupied
- Diverse tenant mix
- Below market rents
- Priced below replacement cost
EXECUTIVE SUMMARY
INVESTMENT HIGHLIGHTS
• 100% occupied
• Below market rents
• Diverse tenant mix
• Priced below replacement cost
• Fitness anchored shopping center
LOCATION HIGHLIGHTS
• Prime location at the signalized intersection of University Drive and Stapley Drive with ±53,748 vehicles per day
• Densely populated trade area with ±332,375 residents in a 5-mile radius
• Located ±2.5 miles from U.S. 60 (±225,656 VPD)
• High average household incomes over $100,000 in a 5 mile radius
• 100% occupied
• Below market rents
• Diverse tenant mix
• Priced below replacement cost
• Fitness anchored shopping center
LOCATION HIGHLIGHTS
• Prime location at the signalized intersection of University Drive and Stapley Drive with ±53,748 vehicles per day
• Densely populated trade area with ±332,375 residents in a 5-mile radius
• Located ±2.5 miles from U.S. 60 (±225,656 VPD)
• High average household incomes over $100,000 in a 5 mile radius
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Building Size
24,568 SF
Building Class
C
Year Built/Renovated
1999/2005
Price
$6,022,233
Price Per SF
$245.13
Cap Rate
6%
NOI
$361,334
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.27
Lot Size
2.11 AC
Zoning
C-2, Mesa
Parking
50 Spaces (2.04 Spaces per 1,000 SF Leased)
Frontage
393’ on Stapley Dr
AMENITIES
- Dedicated Turn Lane
- Pylon Sign
- Restaurant
- Signage
- Signalized Intersection
MAJOR TENANTS
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE TYPE
- LEASE END
- PNC Bank
- Finance and Insurance
- -
- -
- -
- -
- Scootin Boots
- -
- -
- -
- Triple Net
- -
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE TYPE | LEASE END | |
| PNC Bank | Finance and Insurance | - | - | - | - | |
| Scootin Boots | - | - | - | Triple Net | - |
Bike Score®
Very Bikeable (72)
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $0 | |
| Land Assessment | $0 | Total Assessment | $437,135 |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$437,135
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MATTERPORT 3D TOUR
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Stapley Square | 515 N Stapley Dr
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