9230 East Broadway Rd, Mesa, AZ 85208 For Sale

Premier Hard-Corner Location | ±2.00 Acres - Located at the signalized hard corner of E Broadway Rd and S Ellsworth Rd, the property sits on a rare ±2.00-acre parcel offering exceptional visibility, multiple points of access, and strong long-term real estate value. Hard-corner sites of this size in Mesa are becoming increasingly scarce and highly desirable for both national retailers and future redevelopment.

Redevelopment & Future Value Potential | Significant 33% Rent Escalation in 1st Renewal - The large parcel size and premier corner positioning makes the property an excellent candidate for long-term redevelopment. Future uses may include multi-tenant retail, pad development, medical, QSR, or other high-demand users seeking premium exposure. The subject opportunity provides an investor with the opportunity to increase property value through either a lease extension with CVS (33% rent increase in their option) or redevelopment of the parcel.

High-Traffic, Dense Trade Area - The site benefits from strong traffic counts along Broadway and Ellsworth Rd (33,500+ VPD) and serves a rapidly growing Mesa submarket with established residential neighborhoods, new single-family and multifamily developments, and complimentary retail demand. The subject property benefits from a 3-mile population of 108,630.

Passive In-Place Lease Structure - The property is leased to CVS, one of the nation’s largest and most recognized pharmacy retailers with thousands of locations nationwide. CVS provides consistent daily-needs traffic and creditworthy tenancy. The lease is Absolute NNN with no landlord responsibilities.

Across the Street from Fry’s Anchored Retail Center & Other National Retailers - The subject property is across the street from a Fry’s Food & Drug retail center, providing the intersection with strong grocery foot traffic. Other neighboring retailers include Circle K, Jack in the Box, Little Caesars, and more.

Direct Access to Loop 202 Freeway - The property offers immediate connectivity to Loop 202, one of the East Valley’s primary transportation corridors. This direct freeway access provides exceptional regional mobility for customers and employees, enhances daily traffic flow to the site, and positions the asset within minutes of major employment centers, residential communities, and retail destinations across Mesa, Gilbert, and the greater Phoenix metro.