Food City & Family Dollar Anchored Center8th Avenue & Alma School Rd. | Mesa, AZ

Food City & Family Dollar Anchored Center8th Avenue & Alma School Rd. | Mesa, AZ

Offering Price: $7,300,000NOI: $610,763.30Cap Rate: 8.37%Current Occupancy: 100%Building Area: 74,604 SFLand Area: 6.9 AcresZoning: C-2

• Flagship Food City (Bashas’) location with Long term lease • Food City renovated the interior in 2016 (~ $750,000

investment)• Sel ler invested in repurposing two larger suites each

into two smaller units with successful leasing execution. Signif icant CapEx on HVAC, electr ical and f inishes

• Adjacent to the Fiesta Distr ict , the city of Mesa’s central hub for health care, advanced business, education, retai l and f inancial services industr ies. Currently under ~$500M redevelopment

• Close to Mesa Community Col lege, one of the nations largest community col leges and Banner Desert Medi-cal Center & Cardon Chi ldren’s Center, the East Val ley’s largest hospitals with close to 3,500 employees

INVESTMENT HIGHLIGHTS

I N V E S T M E N T S U M M A R Y

RETAIL AERIAL:

Food City & Family Dollar Anchored Center8th Avenue & Alma School Rd. | Mesa, AZ

89

6060

S Alma School Road

N Arizona Avenue

N McQueen Road

N Cooper Road

S Al

ma

Scho

ol R

oad

S Co

untry

Clu

b Dr

ive

E Baseline RoadW Baseline Road

E Southern AvenueW Southern Avenue

W Broadway Road E Broadway Road

S M

esa

Driv

e

S St

aple

y Driv

e

W Pueblo AvenueW 8th Avenue

FIESTA MALL

UNDER REDEVELOPMENT

MESA GRAND SHOPPING CENTER

SHOPPES AT GILBERT COMMONSDOBSON RANCH

GOLF COURSE

KOKOPELLI GOLF CLUB

POWELL JR. HIGH SCHOOL

RHODES JR. HIGH SCHOOL

DOBSON HIGH SCHOOL

CRIMSON ELEMENTARY

FRANKLIN AT ALMA

ELEMENTARY

IDA REDBIRD ELEMENTARY

LINCOLN ELEMENTARY

FIESTA LAKES GOLF CLUB

PHOENIX60

SITE PLAN:

Food City & Family Dollar Anchored Center8th Avenue & Alma School Rd. | Mesa, AZ

Unit822834840

810-1-2810-3810-4

810-6B848-1-3848-4848-5848-6848-7848-8

848-9

TOTAL:

TENANT ROSTER

74,604 SF

TenantFood City

Flexi ComprasFamily Dollar

Picked A Part, LLCHerbalife

Pinnacle EducationMesa Medical

Kids Haven, LLCMetro PCSSwan Nails

Stravaganza SalonWater & IceSuperTax

Gabriella’s Boutique

Square Feet35,6244,29313,5003,2671,3074,6072,0663,6001,2001,2009009209001,220

CAR WASH

$5

COMING SOON!

NAP

NAP

MESA MEDICAL

GA

BR

IELL

A’S

BO

UTI

QU

E

DEMOGRAPHICS:

POPULATION: 1 MILE 3 MILE 5 MILE

POPULATION: 1 MILE 3 MILE 5 MILE

Food City & Family Dollar Anchored Center8th Avenue & Alma School Rd. | Mesa, AZ

Total Population 23,680 148,921 351,437

Median Age 29.3 30.7 31.0

Median Age (male) 28.9 29.8 30.1

Median Age (Female) 29.2 31.6 31.9

Total Households 10,364 57,566 133,645

# of persons per HH 2.3 2.6 2.6

Average HH Income $40,114 $52,108 $59,067

Average House Value $119,359 $181,803 $222,985