For Sale
$2,921,739

351 Country Club DrMesa, AZ 85201

High-Cap Rate Restaurant, 6,454 SF

Overview

Added:
Dec 11, 2024
Days on market:
116
This exceptional investment opportunity presents a 6,454 square foot restaurant located at 351 N Country Club Dr, Mesa, AZ 85201. The property boasts a strong 5.75% cap rate and a substantial net operating income (NOI) of $168,000. Currently operating at 100% occupancy, the property is under a sale-leaseback agreement with a dual-concept restaurant (Frutilandia and Taqueria Factory), an established brand with multiple locations. The lease includes a brand new 10-year term with two 5-year options, and features a 12.5% rental increase every 5 years. The property has recently undergone renovations, eliminating any deferred maintenance concerns. Situated on a 0.46-acre lot (APN 138-57-011A), this restaurant benefits from its prime location in a densely populated area, with over 352,000 people within a 5-mile radius. High traffic counts are also a key advantage, with over 26,613 cars passing daily on Country Club Drive and over 24,014 on University Drive at the major intersection. The asking price is $2,921,739, translating to $452.70 per square foot. This is a turnkey investment opportunity with significant upside potential.

Highlights

  • $2,921,739 asking price for this 6,454 SF retail property.
  • Sale-leaseback opportunity with a 5.75% cap rate and $168,000 NOI.
  • 100% occupancy with a new 10-year lease, plus two 5-year options, featuring 12.5% rental increases every 5 years.
  • Located in Mesa, AZ at 351 N Country Club Dr (APN 138-57-011A), on a 0.46-acre lot.
  • Leased to Frutilandia and Taqueria Factory, an established multi-unit operator in a densely populated area with high traffic counts.

Property Details for 351 Country Club Dr

Property type
Retail properties, Restaurants
Square Feet
6,454 SF
Lot Size (sq. ft)
20,038 SF

Location Insight

City
Mesa
County
Maricopa
State
Arizona
Latitude
33.4220792
Longitude
-111.8395078
351 Country Club Dr, Mesa, Arizona

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351 Country Club Dr
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