US Bank at Medina Station
Ground Lease | Target Anchored Center
Marketing description
US Bank Ground Lease at Medina Station is a Target Anchored Power Center located at S Signal Butte Rd & E Southern Ave, Mesa, AZ. This brand new 2026 construction offers a 10-year 6-month ground lease with U.S. Bank National Association, with zero landlord responsibilities. Ground leases transfer all maintenance, taxes, and operational obligations entirely to the tenant, leaving the landowner with passive income and zero day-to-day management duties. The property features built-in rent escalations offering consistent income growth and protection against inflationary pressures over the lease term. Strategically located within a high-performing power center anchored by Target, this site benefits from strong daily traffic and long-term tenant demand.
Positioned in the path of major residential growth, 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. The surrounding trade area includes more than 220,000 residents within a five-mile radius, complemented by average household incomes exceeding $111,607 within one mile providing a strong, affluent customer base that supports long-term retail performance.
Investment highlights
- Ground Lease | Zero Landlord Responsibilities: Ground leases transfer all maintenance, taxes, and operational obligations entirely to the tenant, leaving the landowner with passive income and zero day-to-day management duties.
- 10-Year Lease | 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.
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