1207 N Country Club Dr - Retail FOR SALE


Mesa, AZ 85201- Country Club
$5,500,000 USD
602-625-9311
1207 N Country Club Dr, Mesa, AZ for Sale
$5,500,000 USD
Retail - FOR SALE
1/6
null | 7% Cap Rate

1207 N Country Club Dr
Mesa, AZ 85201
Country Club


HIGHLIGHTS

  • 56% of the rent roll features credit tenants. Goodwill has over 120 locations, and Fresenius Medical has over 4,000 centers.
  • Virtually zero deferred maintenance. Current ownership has recently invested thousands in CapEx improvements.
  • Country North is the only retail center on the intersection providing long term stability.
  • +30,000 people that live within 1 mile of the center. +35,000 VPD on Country Club Drive.

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 anchored by Goodwill and accompanied 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. The location on the NEC corner of Country Club and Brown puts the property in the middle of stable Mesa demographics with dependable traffic counts. Country Club Drive, a major north/south road that transforms into State Route 87 just north of the plaza, averages +35K vehicles per day. 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

$5,500,000 USD

PRICE/SF

$197 USD /SF

CAP RATE

7%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Country North Plaza

PROPERTY TYPE

Retail

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

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Dave MurphyBernstein Murphy CoMore Info
602-625-9311

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