Investment sale · Neighborhood Center

Shops at Royal Palms

Stapley Dr & McKellips Rd | SEC

1855 North Stapley Drive, Mesa, AZ 85203

Price: $9,999,500
Cap rate: 6.27%
NOI: $626,755
Building Size: 34,229 SF
Tenancy: Multi-tenant
Traffic: ±26,686 VPDon McKellips Rd

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Shops at Royal Palms is a dynamic retail center in the north Mesa submarket, shadow-anchored by a high-performing Fry’s Marketplace that ranks in the top 10% of Arizona locations by traffic volume (Placer.ai)
100% leased to cohesive roster of internet resistant, service-oriented tenants, including Anytime Fitness, Chaffee Pediatric Dentistry, Fyzical Therapy, Daisy Nails and more
Property features a freestanding single-tenant medical building occupied by a deeply rooted medical practice, offering diverse income streams and potential future break-up value

All highlights

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Isaiah Clayton

Director

602-342-9931 iclayton@pcaemail.com

Danny Gardiner

Senior Managing Director

602-385-1328 dannygardiner@pcaemail.com

Chad Tiedeman

Executive Managing Director

602-288-3472 ctiedeman@pcaemail.com

About this opportunity

Listed by Isaiah Clayton, Danny Gardiner and Chad Tiedeman, Phoenix Commercial Advisors.

The site

Site facts for Shops at Royal Palms
Property type	Retail · Neighborhood Center

Trade area

Trade area demographics near Shops at Royal Palms
	1 Mile	3 Miles	5 Miles
Population	13,285	102,613	243,773
Households	4,804	37,318	91,170
Average household income	$129,300	$109,734	$98,981

2025 estimates for rings around the property.

Trade-area snapshot

Highlights

Shops at Royal Palms is a dynamic retail center in the north Mesa submarket, shadow-anchored by a high-performing Fry’s Marketplace that ranks in the top 10% of Arizona locations by traffic volume (Placer.ai)
100% leased to cohesive roster of internet resistant, service-oriented tenants, including Anytime Fitness, Chaffee Pediatric Dentistry, Fyzical Therapy, Daisy Nails and more
Property features a freestanding single-tenant medical building occupied by a deeply rooted medical practice, offering diverse income streams and potential future break-up value
Future upside from rent growth: 5 of 9 tenants have either fair market value options or no options
Annual contractual rent increases for all tenants provide future rent growth and built-in inflation protection
Strong traffic draw from a high-demand tenant: Shadow anchored to the only Fry’s Marketplace north of Main Street in Mesa; the center attracts excellent traffic from the entire North Mesa submarket and beyond
Highly trafficked intersection that boasts over 72,000 vehicles per day
Situated in a dense residential pocket, with both multi-family (nearly 43,000 units within 5 miles) and single-family residences (over 100,000 units within 5 miles) surrounding the property
Other traffic-drawing tenants in the center include Fry’s, Chipotle, O’Reilly, CVS, Taco Bell, T-Mobile and more
Affluent demographics: Average HH income of over $129,000 within a 1-mile radius
Highly populated trade area: Nearly 244,000 residents within 5 miles of the center offer a stable and established customer base for daily needs