2430 Apache TrlApache Junction, AZ 85120

Property Details for 2430 Apache Trl

Year built

2006

Construction

CONCRETE

Lot size

1.53 AC

Property size (Sq ft)

6,300 SF

Property type

Retail space

APN

101-05-138A

APU

10105138A

Description

This exceptional 12,300-square-foot retail storefront in Apache Junction, Arizona, presents a compelling investment opportunity. Built in 2006 and renovated in 2023, this single-story building boasts modern architecture and sits on a 1.53-acre lot with ample parking (40 spaces). Currently 100% occupied by five tenants, the property generates a strong net operating income (NOI) of $213,440, yielding a 6.20% capitalization rate. The asking price is $3,419,000, translating to $284.15 per square foot. Strategically located on West Apache Trail, a major thoroughfare connecting Apache Junction to Mesa, Gilbert, Queen Creek, and Tempe, the property benefits from high visibility and convenient access. Its proximity to US-60 and Loop 202 freeways, along with nearby major retailers like Fry's and Walmart, further enhances its appeal. The property's Net Lease (NNN) structure minimizes landlord responsibilities, making it an attractive, low-maintenance investment. Platinum Dermatology, a significant anchor tenant with a substantial presence in the sunbelt states, contributes significantly to the property's stable occupancy and income stream. This multi-tenant retail investment offers a blend of strong financial performance and prime location, making it an ideal addition to any portfolio. The property's APN is 101-05-138A and the zip code is 85120.

• CAP approach

  CAP return

  Valuation

  6%

  $2,935,848

  6.5%

  $2,710,013

  7%

  $2,516,441

• Comparable approach

  Method

  Valuation

  Relative Method

  $3,581,308

  Geo Method

  $3,581,308

• Alternative Use

  Use

  Valuation

  Residential

  $2,285,998

  Hospitality

  $2,093,962

  Educational

  $1,742,151

  Medical

  $1,802,067

  Retail

  $2,710,013

Location Insight

City

Apache Junction

County

Pinal

State

Arizona

Latitude

33.416

Longitude

-111.572

CBSA code

38060

CBSA name

PHOENIX-MESA-SCOTTSDALE, AZ METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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