HIGHLIGHTS
- Attractive Cap Rate & Ability to Increase Yield to 10%: Allows for a healthy spread in today’s interest rate environment.
- Below-Market Rents: Current gross rents average just over $10/SF, offering significant potential for future rent growth.
- High Retail Occupancy: Retail properties within a one-mile radius are 99.5% occupied, reflecting strong tenant demand and limited supply.
- Underserved Trade Area: Strategically positioned in a neighborhood with minimal competing retail, enhancing tenant retention and long-term viability.
- Efficient Tenant Mix: Comprised of small-format tenant spaces, which are typically easier to lease and re-tenant, reducing downtime.
- Excellent Visibility and Access: Prominent frontage and convenient ingress/egress support strong consumer traffic and tenant performance.
FOR SALE DETAILS
PRICE
$1,200,000 USD
PRICE/SF
$181 USD /SF
CAP RATE
7%
% LEASED
-
TENANCY
Multiple
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY NAME
Country Club Plaza
PROPERTY TYPE
Retail
TOTAL BUILDING SIZE
-
STORIES
1
YEAR BUILT
1987
SPRINKLERS
-
PARKING SPACES
35
LAND DETAILS
LAND ACRES
1.89 AC
LAND SF
82,372 SF
ZONING
CG
APN/PARCEL ID
33-3S-17-06869-004
ASK ABOUT THIS PROPERTY
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866-889-0550
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