Recker Plaza 1118 N Recker Rd 12,648 SF 93% Leased Retail Building Mesa, AZ 85205 $3,643,000 ($288.03/SF) 6.25% Cap Rate

Lee & Associates Commercial Real Estate Services is pleased to present Recker Plaza, a multi-tenant retail strip center located at 1118 N Recker Rd, Mesa, AZ, for sale. This ±12,648 SF property is strategically positioned at the southwest corner of Recker and Brown Roads, offering excellent ingress/egress, ample parking, and strong visibility. Situated in a mature trade area, Recker Plaza benefits from a dense residential base of 44,596 households within a 3-mile radius, driving consistent consumer traffic.
Currently, 93% leased, Recker Plaza features a diverse mix of service-oriented and destination tenants, with below-market rents providing immediate upside potential. This well-maintained asset offers investors a stable income stream with significant growth opportunities, making it a prime opportunity for qualified investors.
Below-Market Rents with Upside - The Property's current average rent of $19.22/SF NNN is below the Phoenix MSA average of $25.00/SF NNN (CoStar), offering upside through future lease renewals and lease up.
Stable In-Place Income with Long-Term Growth Potential - The Property benefits from a staggered rent roll with below-market rents, providing investors with both stable cash flow and strong rent growth potential over the long term.
Service-Oriented & Destination Tenant Mix - The Property is occupied by a diverse mix of service-based and destination-oriented tenants, which are less vulnerable to e-commerce disruption and drive consistent foot traffic.
Dense, Established Trade Area - Located in a mature infill location, the Property serves a population of 101,095 residents within a 3-mile radius and boasts an Average Household Income of $85,598.
100% NNN Leases - All tenants operate under triple-net (NNN) lease structures, reimbursing their pro-rata share of operating expenses including CAM, property taxes, and insurance—minimizing landlord responsibilities.