Mesa, AZ - Desert Financial

Description:

• Corporate guaranteed lease
• The tenant, Desert Financial, has 15-years remaining with 4 (5-year) option periods to extend
• The lease features 10% rental increases every 5-years throughout the initial term and at the beginning of each option period

• The subject property is an outparcel to Mesa Shore, a 75,000+ square foot shopping mall anchored by Sprouts Farmers Market and Trader Joe’s, the shopping mall also includes Taco Bell, Jack in the Box, and Applebee’s pads
• The asset is located less than a mile from Mesa Grand Shopping Center, a 250,000+ square foot shopping center anchored by a Walmart Supercenter and an AMC theater, the shopping center also features many national/credit tenants including Burlington, Bath & Body Works, Raising Canes, GameStop, and more
• Strong tenant synergy promotes crossover shopping to the subject property