Pegasus Investments Real Estate Advisory and ParaSell, Inc., as exclusive representatives of the Seller, are pleased to present the fee simple interest in a fee simple Chevron Gas Station & Quick Run convenience store and located at the signalized hard corner of 2659 W. Guadalupe Road in Mesa, Arizona (the “Property”). Built in 2021, the Property comprises ±3,600 square feet on ±1.18 acres and includes 16 fueling positions. The asset is 100% leased to OM Mesa Guadalupe Oil, Inc. under a 20-year double-net (NN) lease that commenced September 1, 2021, leaving approximately 16 years of firm term remaining. The lease features 10% rent increases every five (5) years and four (4) five-year renewal options, offering investors predictable, long-term income growth and stability.
The Property occupies a prominent hard-corner location at W. Guadalupe Road and S. Carriage Lane, a high-traffic intersection with over 44,000 vehicles per day (verify please) and immediate access to State Route 101 (±119,100 VPD), one of the Valley’s primary commuter arteries connecting Mesa, Tempe, Chandler, and Scottsdale. This central position offers exceptional visibility and accessibility, capturing strong daily-needs traffic from both residential and employment populations. The surrounding area features dense suburban development, high household incomes, and steady population growth driven by continued regional expansion in the Phoenix metropolitan area.
The Mesa, Tempe, and Chandler corridor represents one of Arizona’s most dynamic and rapidly growing trade areas. Within a five-mile radius, the population exceeds 400,000 residents with an average household income of more than $112,000 within one mile. The Property is less than two miles from the Arizona State University Research Park, which houses leading employers such as Amazon, Edward Jones, Bridgestone, and GE Healthcare, driving robust daytime traffic and consumer demand. Mesa’s thriving economy, diverse employment base, and proximity to major transportation routes position the Property in a highly desirable retail environment supported by long-term demographic and economic fundamentals.