BMO Harris Bank

2740 North Power Road, Mesa, AZ 85215
Status Sold
Price $2,564,000
Cap Rate 5.00%
NOI $128,088
Lease Type Absolute NNN
Lease Term 10 Years
Lease Start March 2015
Lease Expiration March 2025
Building Size 6,035 SF
Lot Size 63598 AC


The property, positioned near the major regional thoroughfare of Red Mountain Freeway, is passed by over 21,000 cars daily. The site consists of 6,035 square feet with four points of ingress/egress, a 40-space parking lot, and three drive-thru lanes.

North Power Road boasts a variety of big-box retailers such as Bashas’, Target, Bed Bath & Beyond, The Home Depot, and Safeway. The branch also benefits from its location across the street from Albertson’s grocery store. Additionally, the immediate area is home to Apache Wells Golf Course, Painted Mountain Golf Club, and Alta Mesa Golf Club, all of which drive traffic to the branch.

Located in a residential area, the property is surrounded by an affluent community within a 1-mile radius. The average annual household income is over $93,000.