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606-616 E Main St
Mesa, AZ 85203 Central Mesa

$1,900,000 USD

Storefront For Sale  •  9,000 SF

Property Details

  • Property Type Storefront
  • Total Building Size 9,000 SF
  • Lot Size 1.14 AC
  • Building Class B
  • Year Built 2006
  • Cap Rate 6.24 %
  • Tenancy Multiple
  • Zoning C-2, Mesa
53 Transit Score
69 Walk Score

Highlights

Below Market Rents -- Pioneer Plaza's average rent per square foot is $13.29 NNN in comparison to the Phoenix MSA of $25 NNN (Costar).
Infill Strip Retail – Resilient market fundamentals with high tenant demand and increasing rental rates.
Immediate Upside with Lease Up – Short term leases in place with t6 out of 7 leases expiring by January of 2026 proving immediate lease up opportunity
Surrounding MF Development – 591 units were delivered within the last 3 years with another 811 units under construction all within 1.5m of Property
Cap Rate: 6.24 %

Major Tenants

Tenant SF Occupied Lease End Date
Blendz Barber Shop
Boost Mobile
Haven Burgers
La Mexicana Yerberia San Juan
Metro By T-mobile
MetroPCS
Raspados El Boly
Sophia Floral Design's

Public Transportation

Transit/SubwayDriveWalkDistance
Mesa Dr/Main St (Valley Metro Rail - Valley Metro (Phoenix Light Rail)) 0 min 5 min 0.3 mi
Center/Main St (Valley Metro Rail - Valley Metro (Phoenix Light Rail)) 2 min 15 min 0.8 mi
Stapley Dr/Main St (Valley Metro Rail - Valley Metro (Phoenix Light Rail)) 1 min 17 min 0.9 mi
AirportDriveWalkDistance
Phoenix Sky Harbor International 23 min - 13.5 mi
Phoenix-Mesa Gateway 26 min - 16.3 mi

Parking Details

Parking Available: Yes
Reserved: No
Spaces Provided: 20
Type: Surface
Included in Rent: Yes
Sean Bishop, CCIM 602-954-3774 Lee & Associates
Sean Bishop, CCIM 602-954-3774 Lee & Associates