2111 S ALMA SCHOOL RD Mesa AZ 85210-4008

Fiesta Palms II is a 100% occupied shopping center in Mesa, AZ, combining stable in-place cash flow with multiple levers for growth. The property benefits from long-term tenants, strong traffic counts, an affluent and expanding consumer base, recent capital upgrades, and close proximity to the $2.5B Fiesta Mall redevelopment—positioning it for immediate rental upside, mid-term NOI growth, and long-term appreciation. Tenant leases are NNN with annual escalations and fair market value options that create a clear path for mark-to-market rent growth.

Strategically located near US-60 at Alma School & Baseline (±52,000 VPD) with ±36,550 VPD along its frontage, Fiesta Palms II sits adjacent to the affluent Dobson Ranch community.​ Within 3 miles, 1,800 apartment units have recently been delivered, 2,500 units are under construction, and the Fiesta Mall redevelopment is slated to add ±4,000 more housing units—further strengthening long-term retail demand.​

• Stabilized Retail Center – 100% occupied with long-term tenants
• Rental Upside – Leases structured for mark-to-market growth
• Long-Term Tenant Mix – From 5 years to 25 years
• Recent capital upgrades – new roof coating 2023, upgraded LED lot lighting, monument sign refresh
• Assumable Note – $1.85M loan @ 5.15% matures NOV 2033
• High-Traffic Location – ±52,000 VPD at intersection and ±36,550 along frontage ensures strong tenant visibility
• Growing Population Density – 2,500 new housing units, 1,800 under construction, Fiesta Mall to add ±4,000 more
• Strong Consumer Base – Surrounded by affluent, in-place population with solid purchasing power
• Future Growth Catalyst – Less than 1 mile from the 80-acre, $2.5 billion Fiesta Mall redevelopment which will bring thousands of new residents, jobs, and consumers to the immediate trade area. This transformation is expected to increase retail demand and tenant performance at nearby centers like Fiesta Palms II.