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2740 - 2750 N Power Road - Red Mountain Promenade - BMO Harris Bank, Mesa, AZ

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2740 - 2750 N Power Road - Red Mountain Promenade - BMO Harris Bank

SW Power & McDowell
Mesa, AZ 85215-1641 - Red Mountain/Mesa Ret Submarket

Property Type:Retail Sub Type:Bank Status:Existing Year Built:2006
Building Size:6,035 SF Land Area:1.46 AC (63,598 SF)
For Sale Price:$2,650,000 Price/SF:$439.11
Cap Rate:4.65 %
Features:Banking, Drive Thru

Sale Notes:
This is a BMO Harris Bank fee simple absolute NNN lease in Mesa, AZ. The 100% fee simple interest in the underlying land and building is being offered. The lease calls for 2% annual rental increases and zero landlord obligations. The asset is well situated near major retailers, including Albertson' s Supermarket, Starbucks and Jack in the Box.

Mesa is a city in Maricopa County, in the State of Arizona and is a suburb located about 20 miles east of Phoenix. Mesa is the central city of the East Valley section of the Phoenix Metropolitan Area. It is bordered by Tempe on the west, the Salt River Pima-Maricopa Indian Community on the north, Chandler and Gilbert on the south, and Apache Junction on the east. As of the 2010 Census Mesa became Arizona' s center of population.

Mesa is the third-largest city in Arizona, after Phoenix and Tucson, and the 38th-largest city in the US. The city is home to 439,041 people as of 2010 according to the Census Bureau. Mesa is home to numerous higher education facilities including Polytechnic campus of Arizona State University.

SVN | Desert Commercial Advisors
Ryan Mojahed
(602) 300-3278

SVN The Kase Group
Jacob Abusharkh
(925) 231-1770

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