1855 N Stapley Dr, Mesa, AZ 85203

INVESTMENT HIGHLIGHTS

• Shops at Royal Palms is a dynamic retail center in the north Mesa submarket, shadow-anchored by a high-performing Fry’s Marketplace that ranks in the top 10% of Arizona locations by traffic volume (Placer.ai)

• 100% leased to cohesive roster of internet resistant, service-oriented tenants, including Anytime Fitness, Chaffee Pediatric Dentistry, Fyzical Therapy, Daisy Nails and more

• Property features a freestanding single-tenant medical building occupied by a deeply rooted medical practice, offering diverse income streams and potential future break-up value

• Future upside from rent growth: 5 of 9 tenants have either fair market value options or no options

• Annual contractual rent increases for all tenants provide future rent growth and built-in inflation protection

LOCATION HIGHLIGHTS

• Strong traffic draw from a high-demand tenant: Shadow anchored to the only Fry’s Marketplace north of Main Street in Mesa; the center attracts excellent traffic from the entire North Mesa submarket and beyond

• Highly trafficked intersection that boasts over 72,000 vehicles per day

• Situated in a dense residential pocket, with both multi-family (nearly 43,000 units within 5 miles) and single-family residences (over 100,000 units within 5 miles) surrounding the property

• Other traffic-drawing tenants in the center include Fry’s, Chipotle, O’Reilly, CVS, Taco Bell, T-Mobile and more

• Affluent demographics: Average HH income of over $129,000 within a 1-mile radius

• Highly populated trade area: Nearly 244,000 residents within 5 miles of the center offer a stable and established customer base for daily needs