Mesa, Arizona, with its rich history dating back over 2,000 years, is an attractive location for investors seeking to purchase a Shopping Center. The city's strong economy, driven by industries such as aerospace, tourism, education, healthcare, and agriculture, makes it an ideal place to invest in a Shopping Center. These properties can represent a range of investments, from retail spaces to restaurants and specialty stores, offering a diverse portfolio of opportunities. Mesa's amenities, including Red Mountain Park, Mesa Arts Center, and Golfland Sunsplash waterpark, as well as its infrastructure, such as the Phoenix–Mesa Gateway Airport and the Mesa Canal, make it an attractive location for businesses and residents alike. The city's educational institutions, including Arizona State University Polytechnic Campus and Mesa Community College, also contribute to its appeal. With a population of around 490,000, Mesa is a great place for business and travel, with attractions like HoHoKam Park and Sloan Park drawing visitors from across the country.
Mesa's Shopping Centers offer a unique opportunity for investors, with 11 listings available. The average price per square foot is $200 USD, and the average size is 22,039 square feet, with the largest property spanning 56,095 square feet. The average cap rate is 6.57%. In addition to Shopping Centers, Mesa also offers a range of other property types, including Restaurants, with their diverse dining options, Specialty Properties, which can include everything from movie theaters to bowling alleys, Land, ideal for development or investment, and Office Properties, perfect for businesses seeking a professional space. With its strong economy and attractive amenities, Mesa is an excellent location for investors seeking to purchase a Shopping Center or explore other property types.
What is the average cap rate for shopping centers in Mesa?
The average cap rate for shopping centers in Mesa is 6.57%, making it an attractive investment opportunity for those looking to capitalize on the city's growing economy and strong retail presence.
