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Property profile & analytics
FOR LEASE
Retail space

185 N Apache Trl Apache Junction, AZ 85120

9,200 SF 0.69 ac lot Built 1994
Entity Owned 2-yr Hold ~ Est. High Equity
Property ID
US07-1161483
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 1994
Construction CONCRETE
Total area 9,200 SF
Lot 0.69 ac (30,000 SF)
APN 101-23-028A
UPID US07-1161483
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · 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
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$1.05M
CAP Approach CAP
$1.39M
Comparable Approach Comparable
$1.28M
Blend (final) Blend
$1.05M
Owner & transaction history
Pointe Pkwy LLC · 2 yrs held
Pointe Pkwy LLC
since 2024
Last sale
$1.1M
7 recorded transactions
2024
$1.1M
2023
Price N/A
2023
$1.4M
2021
$899,000
2019
Price N/A
2016
Price N/A
2006
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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