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31710681
33049248

1235 South Signal Butte Road, Mesa, AZ 85209

AM
AZ AZ SA677300000
SimonCRE
PL
AZ AZ: SA708476000
SimonCRE
Listed by SimonCRE
$8,325,000
76 days on market
Updated 34 days ago

Multi-Tenant Shops C & GoodVets at Medina Station

Details
Property Type Retail
Sub Type QSR/Fast Food, Storefront
Square Footage 8,105
Tenancy Multi
Year Built 2026
Investment Type Net Lease
Ground Lease No

Target Anchored Shopping Center

Marketing description

Multi-Tenant Shops at Medina Station | Mesa, Arizona

Offered at $8,164,500, Shops C & GoodVets at Medina Station presents a rare opportunity to acquire a brand new 2026 construction, multi-tenant net lease investment totaling ±8,105 square feet within a Target-anchored power center in one of the fastest-growing retail corridors in the Phoenix metro. The property is 100% leased to four tenants: CAVA, Einstein Bros. Bagels, GoodVets, and My Dr. Now, each on 10-year initial terms with corporate guarantees, built-in rent escalations, and fixed CAM structures that minimize landlord responsibilities and deliver truly passive income from day one.

The site is strategically located at the US-60 and Signal Butte Road interchange in Mesa, Arizona, at a signalized intersection carrying over 93,000 vehicles per day on the US-60 and 31,448 vehicles per day on Signal Butte Road. Positioned between the established Superstition Gateway center and a newly developed Sprouts-anchored shopping center, the property benefits from strong co-tenancy, exceptional visibility, and a trade area of more than 219,000 residents within five miles with average household incomes exceeding $111,607 within one mile. Target, Dick's Sporting Goods, Boot Barn, and a deep lineup of national restaurant and service users anchor the broader center, driving consistent daily traffic directly past the subject property.

The long-term demand story is equally compelling. The site is adjacent to a proposed 473-acre master-planned community by Lennar Homes and more than 815 planned multifamily units, with dozens of additional residential projects across the broader trade area adding thousands of new rooftops to the submarket in the coming years. With new construction quality, a diversified tenant mix spanning food, healthcare, and pet services, and a location at the heart of Mesa's most active growth corridor, Shops C at Medina Station offers investors a low-management, income-stable asset with strong fundamentals and meaningful upside from surrounding development.

Investment highlights

Multi-Tenant Shops | Single Tenant Vet Clinic

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

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Zoning

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LC CommercialSpecial CommercialLimited Commercial
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Last updated May 11, 2026 For deeper zoning details, reports are available at Zoneomics

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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.
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