Mesa, AZ 85206

Signature Salon Studios

Property Address

5114 East Southern Avenue, Mesa, AZ, USA

Offering Summary

  • Price: $2,650,000
  • Lot Size: 1.81 Acres
  • Cap Rate: 7.29%
  • Year Built: 2017
  • Building SF: 10,480
  • Status: In Escrow
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  • Eight Years Remaining on Absolute Triple-Net (NNN) Lease with Corporate Guaranty
  • Longstanding Tenant at Strong Medical and Retail Intersection
  • 6.5 Percent Rental Increases Every Five Years with Multiple Renewal Options
  • 325,386 Residents within a Five-Mile Radius - Growing Trade Area in the Phoenix MSA
  • Average Household Income Exceeds $95,500 in the Immediate Area
  • Immediate Proximity to Superstition Springs Center, Major Retail Shopping Mall with Over 60 Specialty Stores and Entertainment Concepts
  • Highly Visible Location Along East Southern Ave & Higley Rd (Over 64,900 Cars per Day at Intersection)
  • Surrounded by National Retailers - Sprouts Farmers Market, Lowe's Home Improvement, Walmart Supercenter, and Many More
  • Located Directly Off of US-60 Highway with Over 249,500 Cars per Day

Broker Information