1118 N Recker Rd - Storefront Retail/Office FOR SALE


Mesa, AZ 85205- Central Mesa
$3,643,000 USD
602-954-3774
1118 N Recker Rd, Mesa, AZ for Sale
$3,643,000 USD
Storefront Retail/Office - FOR SALE
1/12
null | 6.25% Cap Rate

1118 N Recker Rd
Mesa, AZ 85205
Central Mesa


OVERVIEW

Lee & Associates Commercial Real Estate Services is pleased to present Recker Plaza, a multi-tenant retail strip center located at 1118 N Recker Rd, Mesa, AZ, for sale. This ±12,648 SF property is strategically positioned at the southwest corner of Recker and Brown Roads, offering excellent ingress/egress, ample parking, and strong visibility. Situated in a mature trade area, Recker Plaza benefits from a dense residential base of 44,596 households within a 3-mile radius, driving consistent consumer traffic. Currently, 93% leased, Recker Plaza features a diverse mix of service-oriented and destination tenants, with below-market rents providing immediate upside potential. This well-maintained asset offers investors a stable income stream with significant growth opportunities, making it a prime opportunity for qualified investors. Below-Market Rents with Upside - The Property's current average rent of $19.22/SF NNN is below the Phoenix MSA average of $25.00/SF NNN (CoStar), offering upside through future lease renewals and lease up. Stable In-Place Income with Long-Term Growth Potential - The Property benefits from a staggered rent roll with below-market rents, providing investors with both stable cash flow and strong rent growth potential over the long term. Service-Oriented & Destination Tenant Mix - The Property is occupied by a diverse mix of service-based and destination-oriented tenants, which are less vulnerable to e-commerce disruption and drive consistent foot traffic. Dense, Established Trade Area - Located in a mature infill location, the Property serves a population of 101,095 residents within a 3-mile radius and boasts an Average Household Income of $85,598. 100% NNN Leases - All tenants operate under triple-net (NNN) lease structures, reimbursing their pro-rata share of operating expenses including CAM, property taxes, and insurance—minimizing landlord responsibilities.

FOR SALE DETAILS

PRICE

$3,643,000 USD

PRICE/SF

$288 USD /SF

CAP RATE

6.25%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Recker Plaza

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront Retail/Office

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2008

SPRINKLERS

-

PARKING SPACES

75

LAND DETAILS

LAND ACRES

1.72 AC

LAND SF

74,923 SF

ZONING

C-2

APN/PARCEL ID

141-78-548F

ASK ABOUT THIS PROPERTY

Sean Bishop, CCIMLee & AssociatesMore Info
602-954-3774

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Sean Bishop, CCIMLee & AssociatesMore Info
602-954-3774

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.