535 East McKellips Road - 6% CAP Investment Opportunity

535 East McKellips Road, Mesa, AZ 85203

  • For Sale $4,204,800
  • Property Type Office - Medical Office
  • Property Size 7,008 SF
  • Lot Size 85 Acre
  • Cap Rate % 6
  • # of Floors 1
  • Average Floor Size 7,008 SF
  • Building Class B
  • Year Built 2004
  • Date Updated Sep 10, 2025

NNN 10-Year Medical Office Investment – Mesa, AZ | 6% CAP Investment Opportunity

Offered at $4,204,800 | Long-Term, Passive Income Opportunity

Rare opportunity to acquire a fully leased, single-tenant medical office in the heart of Mesa. This 7,008 SF Class B building, located in McKellips Professional Center, is leased to a reputable Cath Lab operator on a 10-year true NNN lease, offering long-term, stable cash flow with minimal landlord responsibilities.

Highlights:

  • Price: $4,204,800

  • CAP Rate: 6%

  • Lease Type: 10-Year NNN

  • Tenant: Cath Lab (Single Tenant)

  • Built: 2004 | Zoning: C-2 (Mesa)

  • Lot Size: 85 AC | Parking: 44 spaces

  • Traffic: 33,600 VPD | Near Loop 202

  • Population: 13,210+ within 1 mile

Why Invest:

✔ Fully leased, recession-resistant medical office
✔ Hands-off, NNN lease structure
✔ Strong returns in a high-growth Mesa corridor
✔ Ideal for 1031 exchange or long-term investors

 

Contact us today for the full offering memorandum

Want more info on this listing?

Reach out to the broker for more info on lease terms and amenities

Attachments

Contacts

broker
Sarah Fortin

Bellagio Plaza

Location

Getting Around

  • Walk Score ®

    43/100 Car-Dependent

  • Transit Score ®

    26/100 Some Transit

  • Bike Score ®

    69/100 Bikeable
Powered by Walk Score ®
  • City Mesa, AZ
  • Neighborhood Sherwood
  • Zip Code 85203
  • Market Phoenix

Points of Interest

  • Mesa Dr/ Main St

    2.50 miles

  • Center/ Main St

    2.58 miles

  • Stapley/ Main St

    2.65 miles

  • Country Club/ Main St

    2.74 miles

  • Gilbert Rd/ Main St

    2.98 miles

  • Alma School/ Main St

    3.26 miles

  • American Liberty Transportation

    3.28 miles

  • Sycamore/ Main St

    3.91 miles

  • Union Cab Company

    4.63 miles

  • Price-101 Fwy/ Apache Blvd

    4.71 miles

  • Shell

    0.16 miles

  • Circle K

    0.68 miles

  • Fry's Fuel Center

    0.89 miles

  • QuikTrip

    1.34 miles

  • Chevron

    2.04 miles

  • ChargePoint

    4.03 miles

  • The Mesa Tower

    4.63 miles

  • Tesla Destination Charger

    4.81 miles

  • Tesla Supercharger

    4.97 miles

  • Blink

    5.02 miles

  • North Gilbert Road and East McDowell Road Park and Ride

    2.21 miles

  • Centennial Garage

    2.30 miles

  • Mesa Drive & Main Street Park & Ride

    2.43 miles

  • Pepper Place Garage

    2.52 miles

  • Green Lot

    2.57 miles

  • Pomeroy Parking Garage

    2.59 miles

  • Purple Lot

    2.61 miles

  • Sirrine Parking Garage

    2.63 miles

  • Gold Lot

    2.70 miles

  • Orange Lot

    2.75 miles

  • Delta Hotels

    2.23 miles

  • Baymont

    2.53 miles

  • Hyatt Place Phoenix/Mesa

    2.66 miles

  • The Frontier Motel

    2.66 miles

  • Ramada

    2.68 miles

  • Citrus Inn

    2.81 miles

  • Sunshine Inn

    2.82 miles

  • Quality Inn & Suites

    2.87 miles

  • Knights Inn Mesa

    2.87 miles

  • Estend@Suites

    2.88 miles

  • Los Patos

    0.13 miles

  • Sonic

    0.16 miles

  • Perla Negra Mexican Seafood

    0.55 miles

  • Taco Bell

    0.85 miles

  • King's Chef Chinese Food

    0.85 miles

  • Papa Murphy's

    0.90 miles

  • Chipotle

    0.91 miles

  • Subway

    0.92 miles

  • Native Grill & Wings

    1.08 miles

  • Fuego Mexican Food

    1.09 miles

  • John Kerr Elementary School

    0.78 miles

  • Whitman Elementary School

    0.90 miles

  • Lehi Elementary School

    1.13 miles

  • Lehi Montessori

    1.16 miles

  • Riverview High School

    1.17 miles

  • MacArthur Elementary School

    1.27 miles

  • Heart Savers First Aid Training

    1.35 miles

  • Kino Junior High School

    1.35 miles

  • Arizona Medical Training Institute

    1.35 miles

  • Eisenhower Center for Innovation

    1.47 miles

  • McKellips KinderCare

    0.70 miles

  • Tutor Time

    1.79 miles

  • Kids Play Learning Center

    1.97 miles

  • Maxwell Preschool Academy

    2.06 miles

  • Milestone

    2.35 miles

  • Tiny Tots West

    2.80 miles

  • Cholla Montessori Preschool

    2.90 miles

  • Teach & Care

    3.00 miles

  • Just Like Home Too Daycare & Preschool

    3.18 miles

  • La Casita Preschool Childcare

    3.61 miles

Frequently Asked Questions

How much does 535 East McKellips Road - 6% CAP Investment Opportunity cost?

The space currently listed for sale at 535 East McKellips Road - 6% CAP Investment Opportunity asks for $4,204,800.

What is the total square footage of 535 East McKellips Road - 6% CAP Investment Opportunity?

535 East McKellips Road - 6% CAP Investment Opportunity totals 7,008 square feet.

When was this property built?

535 East McKellips Road - 6% CAP Investment Opportunity was built in 2004.

Looking for more in-depth information on this property?

Looking for more in-depth information on this property? Find property characteristics, ownership, tenant details, local market insights and more. Unlock data on CommercialEdge.

Contact Listing Broker
broker
Sarah Fortin

Bellagio Plaza

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.