535 East McKellips Road - 6% CAP Investment Opportunity

For Sale

535 East McKellips Road, Mesa, AZ 85203

This Mesa property for sale is located at 535 East McKellips Road. The general use of 535 East McKellips Road - 6% CAP Investment Opportunity is office and it incorporates 7,008 square feet of class B office space. The current listed sale price for 535 East McKellips Road - 6% CAP Investment Opportunity is $4,204,800. 535 East McKellips Road - 6% CAP Investment Opportunity is situated on a lot that is 85 acre in size.

Contacts

broker
Sarah Fortin

Bellagio Plaza

Property Details

  • Property Type Office - Medical Office
  • Property Size 7,008 SF
  • Lot Size 85 Acre
  • Cap Rate % 6
  • # of Floors 1
  • Average Floor Size 7,008 SF
  • Building Class B
  • Year Built 2004
  • Date Updated Sep 10, 2025

NNN 10-Year Medical Office Investment – Mesa, AZ | 6% CAP Investment Opportunity

Offered at $4,204,800 | Long-Term, Passive Income Opportunity

Rare opportunity to acquire a fully leased, single-tenant medical office in the heart of Mesa. This 7,008 SF Class B building, located in McKellips Professional Center, is leased to a reputable Cath Lab operator on a 10-year true NNN lease, offering long-term, stable cash flow with minimal landlord responsibilities.

Highlights:

  • Price: $4,204,800

  • CAP Rate: 6%

  • Lease Type: 10-Year NNN

  • Tenant: Cath Lab (Single Tenant)

  • Built: 2004 | Zoning: C-2 (Mesa)

  • Lot Size: 85 AC | Parking: 44 spaces

  • Traffic: 33,600 VPD | Near Loop 202

  • Population: 13,210+ within 1 mile

Why Invest:

✔ Fully leased, recession-resistant medical office
✔ Hands-off, NNN lease structure
✔ Strong returns in a high-growth Mesa corridor
✔ Ideal for 1031 exchange or long-term investors

 

Contact us today for the full offering memorandum

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Attachments

Getting around

  • 43/100

    Walk Score ®

  • 26/100

    Transit Score ®

  • 69/100

    Bike Score ®

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Location

  • City Mesa, AZ
  • Neighborhood Sherwood
  • Zip Code 85203
  • Market Phoenix

Points of Interest

  • Mesa Dr/ Main St

    2.50 miles

  • Center/ Main St

    2.58 miles

  • Stapley/ Main St

    2.65 miles

  • Country Club/ Main St

    2.74 miles

  • Gilbert Rd/ Main St

    2.98 miles

  • Alma School/ Main St

    3.26 miles

  • American Liberty Transportation

    3.28 miles

  • Sycamore/ Main St

    3.91 miles

  • Union Cab Company

    4.63 miles

  • Price-101 Fwy/ Apache Blvd

    4.71 miles

  • Shell

    0.16 miles

  • Circle K

    0.68 miles

  • Fry's Fuel Center

    0.89 miles

  • QuikTrip

    1.34 miles

  • Chevron

    2.04 miles

  • ChargePoint

    4.03 miles

  • The Mesa Tower

    4.63 miles

  • Tesla Destination Charger

    4.81 miles

  • Tesla Supercharger

    4.97 miles

  • Blink

    5.02 miles

  • North Gilbert Road and East McDowell Road Park and Ride

    2.21 miles

  • Centennial Garage

    2.30 miles

  • Mesa Drive & Main Street Park & Ride

    2.43 miles

  • Pepper Place Garage

    2.52 miles

  • Green Lot

    2.57 miles

  • Pomeroy Parking Garage

    2.59 miles

  • Purple Lot

    2.61 miles

  • Sirrine Parking Garage

    2.63 miles

  • Gold Lot

    2.70 miles

  • Orange Lot

    2.75 miles

  • Delta Hotels

    2.23 miles

  • Baymont

    2.53 miles

  • Hyatt Place Phoenix/Mesa

    2.66 miles

  • The Frontier Motel

    2.66 miles

  • Ramada

    2.68 miles

  • Citrus Inn

    2.81 miles

  • Sunshine Inn

    2.82 miles

  • Quality Inn & Suites

    2.87 miles

  • Knights Inn Mesa

    2.87 miles

  • Estend@Suites

    2.88 miles

  • Walmart Neighborhood Market

    0.27 miles

  • Fry's Marketplace

    0.92 miles

  • Quick Cash Market

    1.11 miles

  • Food City

    1.20 miles

  • Sprouts Farmers Market

    2.01 miles

  • Community Market

    2.64 miles

  • Walmart Supercenter

    2.97 miles

  • Mi Pueblo Market

    3.02 miles

  • Burlington

    3.27 miles

  • Ross

    3.68 miles

In-Depth Research Available for this Property

Access more in-depth information about this property — including ownership, tenant details, property characteristics and transaction history, along with local market insights and much more — on CommercialEdge.

Contact Listing Broker
broker
Sarah Fortin

Bellagio Plaza

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