For Sale
$11,500,000

185 Apache TrlApache Junction, AZ 85120

High-yield, triple-net leased retail

Overview

Added:
Dec 11, 2024
Days on market:
117
This exceptional 59,850 square foot shopping center in Apache Junction, Arizona, presents a compelling investment opportunity. Boasting 100% occupancy with three tenants, including national credit tenants Goodwill and Ross Dress for Less, this property offers a robust and reliable cash flow. The center, built in 1998 and renovated in 2019, sits on a 9-acre lot and benefits from NNN leases with built-in rent increases. The strong tenant mix, featuring investment-grade tenants comprising 75% of the gross leasable area and 79% of total income, ensures consistent returns. Located on Apache Trail, a major retail corridor with nearly 21,000 vehicles per day, the property enjoys high visibility and accessibility. Its strategic location is further enhanced by its proximity to a newly developed Fry's Marketplace and other new retail and residential developments, including approximately 650 new multi-family units. The property's NOI is $892,479, with an asking price of $11,500,000 and a 7.75% cap rate. This is a rare opportunity to acquire a high-performing retail asset in a rapidly growing market. The property's strong tenant base, favorable lease terms, and prime location make it an ideal investment for discerning buyers seeking stable income and long-term appreciation.

Highlights

  • 100% occupied retail center anchored by Ross Dress for Less and Goodwill Industries.
  • NNN leases offer reliable cash flow with built-in rent increases.
  • Investment-grade tenants account for 75% of gross leasable area (GLA) and 79% of total income.
  • Ross Dress for Less, the nation's largest off-price retailer, generates $18.5 billion in corporate revenue.
  • Goodwill of Central and Northern Arizona is a large, established non-profit organization.
  • High-traffic location on Apache Trail (approx. 21,000 vehicles per day), a major retail thoroughfare.

Property Details for 185 Apache Trl

Property type
Lifestyle centers, Power centers
Square Feet
59,850 SF
Year Built/Renovated
1998/2019
Lot Size (sq. ft)
392,040 SF

Location Insight

City
Apache Junction
County
Pinal
State
Arizona
Latitude
33.4134244
Longitude
-111.5480251
185 Apache Trl, Apache Junction, Arizona

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185 Apache Trl
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