3939 Val Vista DrGilbert, AZ 85297

Property Details for 3939 Val Vista Dr

Year built

2023

Lot size

0.89 AC

Zone code

CC

Property type

Retail properties

Property subtype

Retail space

APN

304-53-131C

APU

30453131C

Description

This exceptional investment opportunity presents a thriving drive-thru coffee shop located at 3939 S Val Vista Dr, Gilbert, AZ 85297, at the hard corner of Val Vista Drive and Germann Road. The property boasts a 750 square foot building situated on a 0.887-acre lot, built in 2024. The single-tenant structure operates under a 25-year ground lease with a 5-year option, offering significant long-term stability. The property's zoning is C-2, Gilbert, within Maricopa County (APN: 304-53-131-C). This is a single-story building, ideal for the current drive-thru coffee operation. The location benefits from high visibility and accessibility in a rapidly developing area of Gilbert, Arizona. The asking price is $675,000. This represents a compelling opportunity for investors seeking a stable, high-performing asset in a prime location. The property is classified as Retail and Restaurant, specifically a Drive-Thru establishment. This turnkey operation offers immediate income generation and significant potential for future growth. The property's strategic location and strong lease terms make it an attractive investment prospect.

• CAP approach

  CAP return

  Valuation

  6%

  $14,916,728

  6.5%

  $13,769,288

  7%

  $12,785,767

• Comparable approach

  Method

  Valuation

  Relative Method

  $19,128,454

  Geo Method

  $19,128,454

• Alternative Use

  Use

  Valuation

  Residential

  $11,614,909

  Hospitality

  $10,639,194

  Educational

  $8,851,685

  Medical

  $9,156,108

  Retail

  $13,769,288

Location Insight

City

Gilbert

County

Maricopa

State

Arizona

Latitude

33.2788

Longitude

-111.755

CBSA code

38060

CBSA name

PHOENIX-MESA-SCOTTSDALE, AZ METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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