www.crexi.com - The Commercial Real Estate Exchange
Subscribe to Intelligence for full access
Analyze more property details including ownership and financial history. Share advanced property insights with your clients and teams.
Subscribe to Intelligence for full access
Analyze more property details including ownership and financial history. Share advanced property insights with your clients and teams.
31538137
31538138

1421 S Signal Butte Rd, Mesa, AZ 85209

PL
AZ AZ: SA708476000
SimonCRE
AM
AZ AZ SA677300000
SimonCRE
Listed by SimonCRE
$24,361,000
72 days on market
Updated 72 days ago

Dick's Sporting Goods at Medina Station

Details
Property Type Retail
Sub Type Storefront
Square Footage 82,300
Units 1
Occupancy 100%
Tenancy Single
Brand/Tenant Dick's Sporting Goods
Lease Type Net
Price per SqFt $296
Year Built 2026
Buildings 1
Stories 2
Zoning Commercial
Investment Type Net Lease
Sale Condition For sale by owner

Target Anchored Power Center

Marketing description

Net Lease | 4, 5 Year Options

The net lease structure with four, five-year renewal options provides long-term tenancy stability and predictable income for the investor.

15-Year Leases | 2026 Construction

Brand new 2026 construction paired with long-term leases ensures durability of income and minimal near-term capital expenditures.

Rental Increases To Hedge Against Inflation

Built-in rent escalations offer consistent income growth and protection against inflationary pressures over the lease term.

Target Anchored Power Center

Strategically located within a high-performing power center anchored by Target, driving strong daily traffic and long-term tenant demand.

Investment highlights

Strong Demographics Backed by Affluent Growth

The surrounding trade area includes more than 220,000 residents within a five-mile radius,

complemented by average household incomes exceeding $103,000 within one mile

providing a strong, affluent customer base that supports long-term retail performance.

Positioned in the Path of Major Residential Growth

Located within a rapidly expanding corridor, the site is adjacent to a proposed 473-acre

master-planned community by Lennar Homes and more than 815 planned multifamily units,

bringing a significant wave of new rooftops and long-term consumer demand directly to the

trade area.

Premier Position at the US-60 & Signal Butte Interchange

Strategically located between the established Superstition Gateway center and a newly

developed Sprouts-anchored shopping center, this high-visibility site benefits from strong

traffic along US-60 and Signal Butte Road while serving one of Mesa’s fastest growing retail

corridors.

Listing Contacts

PL
AZ AZ: SA708476000
SimonCRE
AM
AZ AZ SA677300000
SimonCRE
Listed by SimonCRE

Valuation Calculator

Login or Sign up to see Valuation Metrics
Sign up for Crexi to see valuation metrics for this property
$
$
%
Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$--
$--

Valuation Metrics

0
DSCR
--
Cap Rate
--
ROI

Map

Zoning

Intelligence Badge
LC CommercialSpecial CommercialLimited Commercial
View municipality zoning documents
Upgrade to see the zone description and what's allowed on this property
Upgrade to search and view land use codes
View all 110 uses
View all 110 uses
Last updated May 11, 2026 For deeper zoning details, reports are available at Zoneomics

Broker Selected Comps View More Comps

Property History

Intelligence Badge

Similar Properties

View All

Additional Information

Name
Peter LeBlanc
License
AZ: SA708476000
Brokerage Phone
9282848404
Title
Arizona
Name
Alec Miller
License
AZ SA677300000
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
Is there information that looks off?
For assistance, reach out to our support team at [email protected] or call 888.273.0423 . For press inquiries, contact [email protected]
Equal Housing Opportunity
5510 Lincoln Blvd #400, Los Angeles, CA 90094Commercial Real Estate Exchange, Inc.Crexi Technologies, LLCCXTechnology, LLC
© 2026 Commercial Real Estate Exchange, Inc. All Rights Reserved. DRE #02086591