executive summary fiesta palms ii shopping center...chris norton [email protected] (p)...

ARVLE KNIGHT, CCIM Senior Associate Broker

CHRIS [email protected] (P) 480.559.9775 (C) 480.559.9775

[email protected] (P) 602.885.8000 (C) 602.885.8000

The information contained herein is from sources believed to be reliable. While we do not doubt itsaccuracy, we have not verified it and make no guarantee, warranty or representation about it. ThePurchaser is advised to independently verify the accuracy and completeness of the information in orderto determine the suitability of the property for the Purchaser’s needs.

KLCommercialGroup.com

This End Cap with visibility to both Alma School Road and the adjacent shoppingcenter has been mostly demoed to create on open slate for custom tenantimprovements and restrooms to meet code for specific use. New tenant maychoose to lease only the vacant suite with ±2,708 SF or take the entire spaceincluding Papa John's Pizza for a totally rectangular layout of ±4,528 SF. Landlord iswilling to modify the space as needed to accommodate a well-qualified credittenant. Competitive rents and flexible terms are being offered.

PROPERTY OVERVIEW

PROPERTY HIGHLIGHTS

• Restaurant/Retail/Medical/Professional

• High-Visibility End Cap

• Clean, Well-Managed Property

• Same property manager for past 16 years

• Monument Signage Included

• Building Signage Available on 2 Sides

• Private Restrooms in Each Suite

OFFERING SUMMARY

Available SF: 900 - 4,560 SF

Lease Rate: $14.00 - 18.00 SF/yr(NNN is $4.75/SF)

Lot Size: 3.26 Acres

Year Built: 1988

Building Size: 28,383 SF

Zoning: LC

Market: Mesa

Submarket: East Valley

Traffic Count: 30,000

Fiesta Palms II Shopping Center2111 S. ALMA SCHOOL RD., MESA, AZ

EXECUTIVE SUMMARY






PROPERTY OVERVIEW

This End Cap with visibility to both Alma School Road and theadjacent shopping center has been mostly demoed to createon open slate for custom tenant improvements and restroomsto meet code for specific use. New tenant may choose to leaseonly the vacant suite with ±2,708 SF or take the entire spaceincluding Papa John's Pizza for a totally rectangular layout of±4,528 SF. Landlord is willing to modify the space as needed toaccommodate a well-qualified credit tenant. Competitive rentsand flexible terms are being offered.

LOCATION OVERVIEW

As a synergistic community center in a growing neighborhood,the combination of Fiesta Palms I & II shopping centers hostsseveral high-volume tenants including Starbucks Coffee, FiredPie Pizza, Applebees's Restaurant, Dunkin Donuts, and LotusInternational Market. The plaza is also home to Snap Fitness24-7, Nail Logic Institute of Nail Technology, the Avalon Schoolof Cosmetology, Arthur Murray Dance Studio and Sunny's Hair& Wigs. Located just 1 mile south of the Superstition Hwy 60,the daily traffic count at this busy intersection is more than62,000 vehicles per day.


PROPERTY DESCRIPTION







ADDITIONAL PHOTOS







LOCATION MAPS






POPULATION 1 MILE 3 MILES 5 MILES

Total population 14,290 140,328 396,824

Median age 33.3 31.9 31.6

Median age (Male) 30.4 30.9 30.6

Median age (Female) 35.8 32.9 32.5

HOUSEHOLDS & INCOME 1 MILE 3 MILES 5 MILES

Total households 5,755 54,875 149,111

# of persons per HH 2.5 2.6 2.7

Average HH income $66,734 $60,080 $64,305

Average house value $208,237 $201,005 $242,960

* Demographic data derived from 2010 US Census


DEMOGRAPHICS MAP & REPORT

executive summary fiesta palms ii shopping center...chris norton [email protected] (p)...

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