Historical Retail Sale Listing - Castle Megastore

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Castle Megastore

8315 East Apache Trail, Mesa, AZ 85207

N/A

14,160 SF | Retail

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Retail Property - Off Market

Price:
N/A
Building Size:
14,160 SF
Property Type:
Retail
Property Sub-type:
Free Standing Bldg
Additional Sub-types:
Retail (Other)
Retail Pad
Specialty Center
Property Use Type:
Net Lease Investment with
10+ years left on lease
Cap Rate:
9.75%
Tenancy:
Single
Year Built:
1989
Lot Size:
1.70 AC
Listing ID
15302054
Last Updated
over 1 year ago

Highlights

  • New Proposed 20-Year Lease
  • 10% Increases Every 5 Years
  • Possible Leveraged Annual Return
  • Desirable Phoenix Metropolitan Market

Description

Castle Megastore, the leading retailer of adult merchandise first opened its doors in 1987. After 19 years in the adult retail market, today its seventeen (17) stores located in Arizona, New Mexico, Oregon, Washington, Alaska are some of the best stocked stores in the nation. Ranging in size from 5,000 to 33,000 square feet and designed carefully with the customers in mind, the well-lit and safe environment has allowed them to create a fun, friendly and upscale shopping experience which attracts more couples and women everyday.

Tenant will execute a new twenty (20) year lease with 10% rental increases every five (5) years. All leases will be guaranteed by Castle Realty Corporation and the Castle Megastore Operating Entity.

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