- For Sale $3,360,000
- Property Type Retail
- Property Size 4,500 SF
- Lot Size 1.24 Acre
- Date Updated Jan 23, 2025
Description
- Brand New 10-Year Absolute Triple-Net (NNN) Ground Lease with Corporate Guaranty by U.S. Bank (NYSE: USB)
- New High-Quality 2023 Construction
- Rare 15 Percent Rental Increases Every Five Years with Multiple Renewal Options
- As of Q2 2023, U.S. Bancorp Operates 2,200+ Branches and has $681 Billion in Assets
- Adjacent to a Brand New Valvoline and Whataburger Currently Under Construction, as well as a 45,000-SF Two-Story Medical Office Currently in Development
- Located in City Gate Marketplace, Anchored by Fry's Marketplace
- 343,681 Residents in a Five-Mile Radius - Dense Gilbert Trade Area in the Phoenix MSA
- Households Projected to Increase More Than Eight Percent in the Immediate Area by 2027
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Contacts
Mark J. Ruble
Marcus & Millichap
Christopher N. Lind
Marcus & Millichap
Location
Located at NORTH HIGLEY ROAD & EAST MICHELLE WAY, Mesa, AZ 85234, this property is part of the Alta Mesa neighborhood and Phoenix market.
Contact NORTH HIGLEY ROAD & EAST MICHELLE WAY
