Investment Overview

Marcus & Millichap is pleased to present the investment opportunity located at 425-515 N Stapley Drive in Mesa, Arizona. Strategically positioned at the signalized intersection of Stapley Drive and University Drive, this 24,568-square-foot fitness-anchored retail center is strategically positioned within a well-established commercial corridor that benefits from strong traffic counts, dense surrounding neighborhoods, and consistent consumer demand. The property is currently 91 percent occupied and features a diverse mix of service-oriented tenants that generate stable income and provide reliable daily customer traffic. The offering presents investors with meaningful rental upside, as in-place rents average approximately $16.08 per square foot annually, providing the opportunity to increase cash flow through future rent growth as leases roll. This embedded value-add component enhances the property's long-term income growth potential while maintaining a strong occupancy profile. Further strengthening the retail corridor, shadow anchor Amped Fitness recently executed a new 15-year lease and is backed by Princeton Equity Group, a private equity firm with approximately $1.6 billion in assets under management and has 35 locations nationwide. The long-term commitment of a prominent fitness operator reinforces the area's retail fundamentals and helps drive consistent consumer traffic to neighboring businesses. With stable occupancy, strong tenant demand drivers, and attractive rental upside, this Mesa retail center offers investors the opportunity to acquire a well-located asset with current income and future growth potential.