185 N Apache Trl Apache Junction, AZ 85120
- Retail space
- 9,200 SF
- 0.69 lot acres
Current Use by Public Records
- Fry's Money Services / Check Cashing
- Apache Trail Goodwill Retail Store and Donation Center / Discount Store
- No Reason Why Flowers / (Bike/Boat/Book/etc) Store / Florist
- Parking / Parking Lot & Garage
- Flatiron Plaza / Business Service Center / Corporate Office
Property Details for 185 N Apache Trl
- Year built
- 1994
- Construction
- CONCRETE
- Lot size
- 0.69 lot acres
- Property size
- 9,200 SF
- Property type
- Retail space
- APN
- 101-23-028A
- APU
- 10123028A
Description
This exceptional 59,850 square foot shopping center in Apache Junction, Arizona, presents a compelling investment opportunity. Boasting 100% occupancy with three tenants, including national credit tenants Goodwill and Ross Dress for Less, this property offers a robust and reliable cash flow. The center, built in 1998 and renovated in 2019, sits on a 9-acre lot and benefits from NNN leases with built-in rent increases. The strong tenant mix, featuring investment-grade tenants comprising 75% of the gross leasable area and 79% of total income, ensures consistent returns. Located on Apache Trail, a major retail corridor with nearly 21,000 vehicles per day, the property enjoys high visibility and accessibility. Its strategic location is further enhanced by its proximity to a newly developed Fry's Marketplace and other new retail and residential developments, including approximately 650 new multi-family units. The property's NOI is $892,479, with an asking price of $11,500,000 and a 7.75% cap rate. This is a rare opportunity to acquire a high-performing retail asset in a rapidly growing market. The property's strong tenant base, favorable lease terms, and prime location make it an ideal investment for discerning buyers seeking stable income and long-term appreciation.
Value Estimations
-
AI approach
- Method
- Estimation
- Statistic approach
- $1,050,000
- ML approach
- $1,050,000
-
CAP approach
- CAP Return
- Estimation
- 6%
- $1,505,000
- 6.5%
- $1,390,000
- 7%
- $1,290,000
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $1,283,000
- AI Estimate
- $644,000
Market price range: $1.28M - $2.48MMarket price range: $497k - $1.47M
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Location Insight
- Map
- Local Demand
- City
- Apache Junction
- County
- Pinal
- State
- Arizona
- Longitude
- -111.548
- Latitude
- 33.4167
- CBSA code
- 38060
- CBSA name
- PHOENIX-MESA-SCOTTSDALE, AZ METROPOLITAN STATISTICAL AREA
