351 Country Club DrMesa, AZ 85201

Property Details for 351 Country Club Dr

Year built

2004

Construction

CONCRETE

Lot size

0.46 AC

Property size (Sq ft)

6,454 SF

Zone code

C-TC

Property type

Retail properties

Property subtype

Retail space

APN

138-57-011A

APU

13857011A

Description

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.

• CAP approach

  CAP return

  Valuation

  6%

  $3,007,613

  6.5%

  $2,776,258

  7%

  $2,577,954

• Comparable approach

  Method

  Valuation

  Relative Method

  $3,668,851

  Geo Method

  $3,668,851

• Alternative Use

  Use

  Valuation

  Residential

  $2,341,878

  Hospitality

  $2,145,147

  Educational

  $1,784,737

  Medical

  $1,846,117

  Retail

  $2,776,258

Location Insight

City

Mesa

County

Maricopa

State

Arizona

Latitude

33.422

Longitude

-111.84

CBSA code

38060

CBSA name

PHOENIX-MESA-SCOTTSDALE, AZ METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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