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.
31666726
33038613

10861 East Southern Avenue, Mesa, AZ 85209

AM
AZ AZ SA677300000
SimonCRE
PL
AZ AZ: SA708476000
SimonCRE
Listed by SimonCRE
$9,169,000
67 days on market
Updated 23 days ago

Multi-Tenant Shops A at Medina Station

Details
Property Type Retail, Mixed Use
Sub Type Storefront
Square Footage 11,552
Occupancy 100%
Tenancy Multi
Year Built 2026
Buildings 1
Tenant Credit Corporate Guarantee
Ground Lease No

Target Anchored Shopping Center

Marketing description

Shops A at Medina Station is positioned at the US-60 and Signal Butte Road interchange in Mesa, Arizona, approximately 26 miles east of downtown Phoenix. The site sits within a Target-anchored power center under active construction — with Target scheduled to open in October 2026 — and benefits from exceptional visibility along a corridor carrying approximately 93,455 vehicles per day on the US-60 and 31,448 vehicles per day on Signal Butte Road. Strategically located between the established Superstition Gateway center and a newly developed Sprouts-anchored shopping center, the property captures both pass-through freeway traffic and destination shoppers already oriented to one of Mesa's fastest-growing retail corridors.

The surrounding trade area reflects one of the strongest demographic profiles in the eastern Valley. Within one mile, average household incomes exceed $111,607, with 71.6% of households owner-occupied and an average household size of 3.15. The five-mile population exceeds 219,000 residents, supported by $9.2 billion in annual household consumer expenditure, and population growth has averaged 1.28% annually from 2020 to 2025 — outpacing many established submarkets across the metro.

What further differentiates this location is the scale of incoming residential development. The site is adjacent to a proposed 473-acre master-planned community by Lennar Homes, with more than 815 additional multifamily units planned nearby and dozens of single-family and townhome projects across the broader trade area. Combined with employment growth driven by major technology infrastructure — including nearby Apple and Meta data centers — and Mesa's continued public and private investment in roads and mixed-use development, Medina Station is exceptionally well-positioned to capture long-term retail demand as one of the most active growth corridors in the Phoenix MSA.

Investment highlights

Multi-Tenant Shops | Net Lease

Diversified tenant mix with net-lease structures provides stable,

passive income and reduced landlord responsibilities.

10-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.

Listing Contacts

AM
AZ AZ SA677300000
SimonCRE
PL
AZ AZ: SA708476000
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
RU-43 MixedMixed UseRural Zoning District 1 Acre Per Dwelling Unit
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 127 uses
View all 127 uses
Last updated Feb 3, 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
Alec Miller
License
AZ SA677300000
Name
Peter LeBlanc
License
AZ: SA708476000
Brokerage Phone
9282848404
Title
Arizona
*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