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Virtual Drive-By

US Bank NNN

1425 South Signal Butte Road · Mesa, AZ 85209 · Banking / Financial

Asking price
$4,577,000
Cap rate
4.75%
NOI
$217,400

Need financing on this deal

We run the asking price and cap rate against a network of 7,000+ lenders to return indicative terms, then package a lender memorandum. Takes about two minutes and we will need your target leverage and timing.

Lease

Lease typeNNN
Term remaining—
Expiration—
Rent bumps10% rent increase every 5 years starting year 6. Three 5-year extension options with 10% increases.
Options—
Ground leaseYes
Credit profileCredit Rated
TenancySingle

Planning a 1031 Exchange

Give us your relinquished sale close date and we will calculate your 45-day identification and 180-day closing deadlines, track the clock, and surface matching inventory before it expires. We coordinate directly with your Qualified Intermediary and can introduce one if you have not yet engaged an exchange accommodator. Investment Grade does not provide tax or legal advice.

Property

Building SF4,047
Price / SF$1,131
Year built2026
Lot size—
TypeShopping Center, Bank
Days on market75

Need year-one bonus depreciation

Building age, size and improvement mix drive how much of this asset a cost segregation study can accelerate into year one. Tell us your tax year and entity and we will model the deduction.

Investment highlights

  • ​Ground Lease | Zero Landlord Responsibilities: Ground leases transfer all maintenance, taxes, and operational obligations entirely to the tenant, leaving the landowner with passive income and zero day-to-day management duties.
  • ​10-Year Lease | 2026 Construction: Brand new 2026 construction paired with long-term leases ensures durability of income and minimal near-term capital expenditures.
  • ​Rental Increases To Hedge Against Inflation: Built-in rent escalations offer consistent income growth and protection against inflationary pressures over the lease term.
  • ​Target Anchored Power Center: Strategically located within a high-performing power center anchored by Target, driving strong daily traffic and long-term tenant demand.

Property overview

US Bank Ground Lease at Medina Station is a Target Anchored Power Center located at S Signal Butte Rd & E Southern Ave, Mesa, AZ.​ This brand new 2026 construction offers a 10-year 6-month ground lease with U.​S.​ Bank National Association, with zero landlord responsibilities.​ Ground leases transfer all maintenance, taxes, and operational obligations entirely to the tenant, leaving the landowner with passive income and zero day-to-day management duties.​ The property features built-in rent escalations offering consistent income growth and protection against inflationary pressures over the lease term.​ Strategically located within a high-performing power center anchored by Target, this site benefits from strong daily traffic and long-term tenant demand.​

Positioned in the path of major residential growth, the site is adjacent to a proposed 473-acre master-planned community by Lennar Homes and more than 815 planned multifamily units, bringing a significant wave of new rooftops and long-term consumer demand directly to the trade area.​ The surrounding trade area includes more than 220,000 residents within a five-mile radius, complemented by average household incomes exceeding $111,607 within one mile providing a strong, affluent customer base that supports long-term retail performance.​

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Asking-market observation aggregated from public listing sources, last observed Sep 25, 2026. Figures are asking price and asking cap rate as published by the listing party, not a verified closed transaction. Lease terms shown where reported by the listing party and not independently verified. Shown for market reference only; this is not an offering. Investment Grade Income Property, LP represents buyers on a cooperating commission basis.