Fiesta Palms II Shopping Center

For Sale

2111 S Alma School Rd, Mesa, AZ 85210

This Mesa property for sale is located at 2111 S Alma School Rd. The current listed sale price for Fiesta Palms II Shopping Center is $5,900,000. Fiesta Palms II Shopping Center is situated on a lot that is 3.26 acre in size.

Contacts

Christopher Norton

Coldwell Banker Commercial Realty

Property Details

  • Property Type Retail - Neighborhood Center
  • Lot Size 3.26 Acre
  • Parking Spaces Avail. 191
  • Parking Ratio 6.70 / 1,000 SF
  • Year Built 1986
  • Date Updated May 18, 2026
Fiesta Palms II is a 91% occupied shopping center in Mesa, AZ, combining stable in-place cash flow with multiple levers for growth. The property benefits from long-term tenants, strong traffic counts, an affluent and expanding consumer base, recent capital upgrades, and close proximity to the $1B Fiesta Mall redevelopment—positioning it for immediate rental upside, mid-term NOI growth, and long-term appreciation. Tenant leases are NNN with annual escalations and fair market value options that create a clear path for mark-to-market rent growth. Leasing the remaining vacant suite raises the CAP rate to 7.43%. Strategically located near US-60 at Alma School & Baseline (±52,000 VPD) with ±36,550 VPD along its frontage, Fiesta Palms II sits adjacent to the affluent Dobson Ranch community. Within 3 miles, 1,800 apartment units have recently been delivered, 2,500 units are under construction, and the Fiesta Mall redevelopment is slated to add ±4,000 more housing units—further strengthening long-term retail demand.
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Highlights

  • Fiesta Palms II Stabilized Retail with Short LongTerm Upside Near $1B Redevelopment
  • Stabilized Retail Center 91 occupied with longterm tenantsRental Upside Leases structured for marktomarket growthLongTerm Tenant Mix From 5 years to 25 yearsRecent capital upgrades new roof coating 2022 upgraded LED lot lighting monument sign refreshAssumable Note $1.85...

Getting around

  • 60/100

    Walk Score ®

  • 34/100

    Transit Score ®

  • 65/100

    Bike Score ®

Powered by Walk Score ®

Location

  • City Mesa, AZ
  • Neighborhood Rancho del Mar
  • Zip Code 85210
  • Market Phoenix

Points of Interest

  • American Liberty Transportation

    2.40 miles

  • Union Cab Company

    2.46 miles

  • Alma School/ Main St

    2.68 miles

  • Sycamore/ Main St

    2.76 miles

  • Country Club/ Main St

    2.92 miles

  • Center/ Main St

    3.14 miles

  • Price-101 Fwy/ Apache Blvd

    3.16 miles

  • Mesa Dr/ Main St

    3.41 miles

  • Smith-Martin/ Apache Blvd

    3.61 miles

  • McClintock/ Apache Blvd

    3.90 miles

  • Chevron

    0.16 miles

  • Arco

    0.20 miles

  • Tesla Destination Charger

    0.86 miles

  • Circle K

    0.87 miles

  • Fry's Fuel Center

    0.88 miles

  • Costco Gasoline

    0.98 miles

  • The Mesa Tower

    1.09 miles

  • Shell

    1.12 miles

  • QuikTrip

    1.28 miles

  • Tesla Supercharger

    1.30 miles

  • Southeast Parking Lot

    0.98 miles

  • South Parking Lot

    1.06 miles

  • East Parking Lot

    1.09 miles

  • Southwest Parking Lot

    1.19 miles

  • Brown 2

    1.24 miles

  • Brown 3

    1.29 miles

  • Brown 1

    1.30 miles

  • Visitor Parking

    1.32 miles

  • Employee Parking Lot B

    1.33 miles

  • Dunkin'

    0.04 miles

  • Applebee's

    0.07 miles

  • Fired Pie

    0.15 miles

  • Dragon Express

    0.15 miles

  • Fruitlandia

    0.18 miles

  • All Pierogi

    0.19 miles

  • Z-Cafe

    0.20 miles

  • Jack in the Box

    0.22 miles

  • Hooters

    0.51 miles

  • TC Eggington's

    0.52 miles

  • Lotus International Market

    0.10 miles

  • Safeway

    0.91 miles

  • Fry's Food and Drug

    0.93 miles

  • Korea Mart

    0.96 miles

  • Baiz Fresh Foods

    0.99 miles

  • Albertsons

    1.00 miles

  • WinCo Foods

    1.08 miles

  • Target

    1.11 miles

  • Big Lots

    1.27 miles

  • American Discount Foods

    1.29 miles

Contact Listing Broker
Christopher Norton

Coldwell Banker Commercial Realty

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