1207 N Country Club Dr - Storefront Retail/Office FOR SALE


Mesa, AZ 85201- Country Club
$5,400,000 USD
602-625-9311
1207 N Country Club Dr, Mesa, AZ for Sale
$5,400,000 USD
Storefront Retail/Office - FOR SALE
1/11
null | 7.06% Cap Rate

1207 N Country Club Dr
Mesa, AZ 85201
Country Club


HIGHLIGHTS

  • Newly signed Thrift Express is a credit tenant wholly owned by its parent company Goodwill of Central Arizona.
  • Potential for future rent growth. Average NNN shop rents are just $14.83 PSF.
  • Tall monument signage and excellent visibility to capture the attention of the +30,000 people living within a one mile radius of the center.
  • Current landlord has recently invested several thousand dollars in capital and tenant improvements.

OVERVIEW

Bernstein Murphy is pleased to be the exclusive advisor for the disposition of Country North Plaza located in Mesa, Arizona. The neighborhood retail center includes 27,883 square feet and features a rent roll highlighted by a diverse mix of service oriented retail tenants. The owners of Country North Plaza will benefit from a desirable small-format footprint that places emphasis on e-commerce resistant tenants while minimizing big box exposure. Rent Roll highlight includes newly signed Thrift Express, a not-for-profit credit tenant wholly owned by it's parent company Goodwill of Central Arizona. The credit tenant joins other notable tenants such as Fresenius Medical Care and local staple Long Wong's Famous Wings. The center is 95% occupied allowing potential investors the opportunity to raise future shop rents while maintaining positive cash flow from the current rent roll. Please contact us for more information.

FOR SALE DETAILS

PRICE

$5,400,000 USD

PRICE/SF

$194 USD /SF

CAP RATE

7.06%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Country North Plaza

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront Retail/Office

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1984

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

2.09 AC

LAND SF

91,040 SF

ZONING

LC

APN/PARCEL ID

137-21-014H

ASK ABOUT THIS PROPERTY

Dave MurphyBernstein Murphy CoMore Info
602-625-9311

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.

Dave MurphyBernstein Murphy CoMore Info
602-625-9311

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.