This Retail Property is Off-Market.

8315 East Apache Trail
Mesa, AZ 85207 ·

14,160 SF · Retail For Sale

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Castle Megastore

Price N/A Cap Rate 9.75%
Building Size 14,160 SF Tenancy Single
Property Type Retail Year Built 1989
Property Sub-type
Free Standing Bldg
More...
  • Retail (Other)
  • Retail Pad
  • Specialty Center
Lot Size 1.70 AC
Property Use Type Net Lease Investment with 10+ years left on lease
Listing ID: 15302054 Date Created: 08/22/2007 Last Updated: 10/17/2007

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.

Highlights

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

Research

8315 East Apache Trail, Mesa, AZ 85207 (Maricopa County)

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