Listed by Executive Realty Services
$3,740,000
2051-2107 W Guadalupe - Stabilized 6.75% CAP Retail in Mesa
Details
APN 302-86-515B
Property Type Retail
Sub Type Day Care/Nursery, Adult Day care
Square Footage 19,342
Net Rentable (SqFt) 19,342
Units 3
Cap Rate 6.75%
NOI $252,509
Occupancy 100%
Tenancy Multi
Lease Type Modified
Rent Bumps Yes
Price per SqFt $193
Year Built 1982
Year Renovated 2022
Buildings 2
Stories 1
Acreage 1.420
Investment Type Stabilized
Ground Lease No
Sale Condition 1031 exchange
Retail | 6.75% CAP | 19,342 SqFt
Marketing description
Fully stabilized retail building with 3 tenants.
Long-term daycare tenant Kids Corner has been operating in this center for over 20 years. and just renewed for another 5 years to 2032 plus two options through 2038.. Multiple locations.
Creative Dancing completed significant tenant improvement in 2022 with options to renew:
City Radius Community Health Center started in 2023 with a 10-year lease. They provides day treatment for adults and job training. Funded by State and Medicaid.
https://www.mycityradiuschs.com/behavioral-health-care-about-us
Investment highlights
- Stabilized retail center
- Below market rent
- Long-term daycare tenant and one long-term lease for DTA (day treatments for adults)
- 3% Annual rent bump for all leases
- Low expense ratio
- Hands free management
- CAM Manager manages all experiors and Tenants are responsible for all interiors
Listing Contacts
Listed by Executive Realty Services
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$252,509.00
$21,042.42/mo
Valuation Metrics
0
DSCR
6.75%
Cap Rate
6.75%
ROI
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