1945 Country Club DrMesa, AZ 85210

Property Details for 1945 Country Club Dr

Year built

1982

Construction

CONCRETE

Lot size

0.27 AC

Property size (Sq ft)

1,670 SF

Zone code

GC

Property type

Retail properties

Property subtype

Auto shops

APN

134-24-002B

APU

13424002B

Description

This exceptional investment opportunity presents a 1,670 square foot Jiffy Lube located in Mesa, Arizona, at the hard corner of Country Club Drive and West Baseline Road. The property boasts a strong 6.67% cap rate and a substantial net operating income (NOI) of $116,160. The absolute NNN lease with Jiffy Lube, the leading provider of automotive preventative maintenance, has approximately 1.9 years remaining in its primary term, followed by three 5-year option periods with 10% rent increases. This prime location benefits from high visibility and traffic counts of approximately 84,595 vehicles per day (AADT), situated near major retailers including Costco, Walmart, Home Depot, and numerous fast-food restaurants. The 0.27-acre lot is strategically positioned within a thriving area with over 425,400 residents and an average household income exceeding $94,300 within a 5-mile radius. The asking price is $1,742,000, translating to $1,043.11 per square foot. This is a rare chance to acquire a well-established, high-performing asset in a densely populated and commercially vibrant area of Mesa, Arizona. The property's location on a signalized intersection ensures maximum visibility and accessibility, making it an ideal investment for discerning buyers seeking a stable, high-return investment with a nationally recognized tenant. The lease commenced on October 28, 2011, and is set to expire on October 27, 2026. The property's parcel number (APN) is 134-24-002B. This is a turnkey investment opportunity with minimal management requirements due to the absolute NNN lease structure.

• CAP approach

  CAP return

  Valuation

  6%

  $728,768

  6.5%

  $672,709

  7%

  $624,659

• Comparable approach

  Method

  Valuation

  Relative Method

  $885,732

  Geo Method

  $885,732

• Alternative Use

  Use

  Valuation

  Residential

  $567,456

  Hospitality

  $519,786

  Educational

  $432,456

  Medical

  $447,329

  Retail

  $672,709

Location Insight

City

Mesa

County

Maricopa

State

Arizona

Latitude

33.3794

Longitude

-111.84

CBSA code

38060

CBSA name

PHOENIX-MESA-SCOTTSDALE, AZ METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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