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Country North Plaza 1207 N Country Club Dr 27,883 SF 95% Leased Retail Building Mesa, AZ 85201 $5,300,000 ($190.08/SF) 7.26% Cap Rate
INVESTMENT HIGHLIGHTS
- 56% of the rent roll features credit tenants. Goodwill has over 120 locations, and Fresenius Medical has over 4,000 centers.
- Country North is the only retail center on the intersection providing long term stability.
- Virtually zero deferred maintenance. Current ownership has recently invested thousands in CapEx improvements.
- +30,000 people that live within 1 mile of the center. +35,000 VPD on Country Club Drive.
EXECUTIVE SUMMARY
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.
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Building Size
27,883 SF
Building Class
C
Year Built
1984
Price
$5,300,000
Price Per SF
$190.08
Cap Rate
7.26%
NOI
$385,000
Percent Leased
95%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.31
Lot Size
2.09 AC
Zoning
LC - Limited Commercial, City of Mesa.
Frontage
325’ on Country Club Drive
AMENITIES
- Signage
MAJOR TENANTS Click Here to Access
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE TYPE
- LEASE END
- Goodwill
- Retailer
-
99,999 SF
- -
-
Lorem Ipsum
- -
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE TYPE | LEASE END | |
| Goodwill | Retailer | 99,999 SF | - | Lorem Ipsum | - |
SPACE AVAILABILITY
- SPACE
- SIZE
- SPACE USE
- POSITION
- AVAILABLE
1,227 - 9,933 SF Available • Over 42,000 VPD at Intersection • More than 316,000 Residents within a 5-Mile Radius • Proximity to Loop 202 and Downtown Mesa
| Space | Size | Space Use | Position | Available |
| 1st Floor | 1,227 SF | Retail | In-Line | Now |
1st Floor
| Size |
| 1,227 SF |
| Space Use |
| Retail |
| Position |
| In-Line |
| Available |
| Now |
1st Floor
| Size | 1,227 SF |
| Space Use | Retail |
| Position | In-Line |
| Available | Now |
1,227 - 9,933 SF Available • Over 42,000 VPD at Intersection • More than 316,000 Residents within a 5-Mile Radius • Proximity to Loop 202 and Downtown Mesa
PROPERTY TAXES
| Parcel Number | 137-21-014H | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $328,958 |
PROPERTY TAXES
Parcel Number
137-21-014H
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$328,958
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Country North Plaza | 1207 N Country Club Dr
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