235 Country Club DrMesa, AZ 85201
- Retail properties
- 5,088 SF
Property Details for 235 Country Club Dr
- Year built
- 1981
- Construction
- CONCRETE
- Lot size
- 0.65 AC
- Property size (Sq ft)
- 5,088 SF
- Zone code
- C-TC
- Property type
- Retail properties
- Property subtype
- Retail space
- APN
- 138-57-001A
- APU
- 13857001A
Description
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.
Valuation
by Paperhouses methods
- Valuation date:
- Dec 11, 2024
-
CAP approach
- CAP return
- Valuation
- 6%
- $2,371,046
- 6.5%
- $2,188,658
- 7%
- $2,032,326
-
Comparable approach
- Method
- Valuation
- Relative Method
- $2,892,332
- Geo Method
- $2,892,332
-
Alternative Use
- Use
- Valuation
- Residential
- $1,846,215
- Hospitality
- $1,691,123
- Educational
- $1,406,995
- Medical
- $1,455,383
- Retail
- $2,188,658
Location Insight
- City
- Mesa
- County
- Maricopa
- State
- Arizona
- Latitude
- 33.4203
- Longitude
- -111.84
- CBSA code
- 38060
- CBSA name
- PHOENIX-MESA-SCOTTSDALE, AZ METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
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