235 Country Club DrMesa, AZ 85201

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 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.

• 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

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