For Sale
$1,600,000

235 Country Club DrMesa, AZ 85201

Prime retail space, high traffic, owner-user potential.

Overview

Added:
Dec 11, 2024
Days on market:
117
This freestanding, two-story convenience store building presents a compelling investment opportunity in Mesa, Arizona. Located at 235 N Country Club Dr, 85201, this property boasts 9,880 square feet of net rentable space on a 0.649-acre lot (28,286 sq ft). The building features a drive-thru, offering exceptional convenience for customers. With a Class C designation and a NNN lease in place, the property generates a strong net operating income (NOI) of $72,120, resulting in a 4.51% cap rate. The asking price is $1,600,000 ($161.94 per square foot). Currently 100% occupied, the existing tenant is amenable to early termination, providing flexibility for an owner-user or redevelopment. The property benefits from high visibility on Country Club Drive, with 31,650 vehicles passing daily, and enjoys 214 feet of frontage. Situated within Mesa's Downtown Business District, this location offers proximity to numerous national retailers and a robust business community. The property is zoned DB-1 and is offered fee simple. This is a rare opportunity to acquire a well-located retail property with significant upside potential in a thriving market. The potential to acquire the existing business and liquor license adds further value.

Highlights

  • High visibility from Country Club Drive.
  • 31,650 vehicles per day (VPD) on Country Club Drive.
  • Below-market short-term lease available.
  • 214 feet of frontage on Country Club Drive.
  • Located in the Mesa Downtown District.
  • Ideal for owner-occupancy or redevelopment.

Property Details for 235 Country Club Dr

Property type
Retail properties, Grocery and convenience stores
Square Feet
9,880 SF
Class
C
Buildings
1
Stories
2
Units
1

Location Insight

City
Mesa
County
Maricopa
State
Arizona
Latitude
33.42028
Longitude
-111.8396342
235 Country Club Dr, Mesa, Arizona

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235 Country Club Dr
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