235 Country Clb Dr, Mesa, AZ 85201-6539
- Retail space
- 5,088 SF
- 0.65 lot acres
Current Use by Public Records
- Bad Habits / (Bike/Boat/Book/etc) Store / Wine and Liquor Store
- CoinFlip Bitcoin ATM / Business To Business Service / Commercial Agent
Property Details for 235 Country Clb Dr
- Year built
- 1981
- Construction
- CONCRETE
- Lot size
- 0.65 lot acres
- Zone code
- C-TC
- Property type
- Retail space
- APN
- 138-57-001A
- APU
- 13857001A
Sales History
| Date | Price | Buyer | Seller | Deed Type | Mortgage |
|---|---|---|---|---|---|
| Dec 30, 2024 | $1,350,000 | Mountain Investment Capital LLC | Kaw Property Holdings LLC | Special Warranty Deed | — |
| Aug 31, 2020 | $940,000 | Kaw Property Holdings LLC | Shivam Trust | Grant Deed | — |
| Jan 31, 2020 | — | Elc Real Estate LLC | Todd Andrews | Correction Deed · related | — |
| Sep 25, 2015 | $1,100,000 | Geeta K Bhatt | The Eccles Family Corporation INC | Warranty Deed | $999k · Seacoast Commerce Bank |
| Aug 7, 1996 | $850,000 | Eccles Family Corp INC | Sun Devil Liquors INC | Grant Deed | $700k · Sun Devil Liquors INC |
| — | — | Eccles Family Corp INC | — | Deed Of Trust · related | $585k · National Bank Arizona |
Description
This freestanding, two-story convenience store building presents a compelling investment opportunity in Mesa, Arizona. Located at 235 N Country Club Dr, 85201, this property boasts 9,880 square feet of net rentable space on a 0.649-acre lot (28,286 sq ft). The building features a drive-thru, offering exceptional convenience for customers. With a Class C designation and a NNN lease in place, the property generates a strong net operating income (NOI) of $72,120, resulting in a 4.51% cap rate. The asking price is $1,600,000 ($161.94 per square foot). Currently 100% occupied, the existing tenant is amenable to early termination, providing flexibility for an owner-user or redevelopment. The property benefits from high visibility on Country Club Drive, with 31,650 vehicles passing daily, and enjoys 214 feet of frontage. Situated within Mesa's Downtown Business District, this location offers proximity to numerous national retailers and a robust business community. The property is zoned DB-1 and is offered fee simple. This is a rare opportunity to acquire a well-located retail property with significant upside potential in a thriving market. The potential to acquire the existing business and liquor license adds further value.
Value Estimations
-
AI approach
- Method
- Estimation
- Statistic approach
- $1,350,000
- ML approach
- $1,350,000
-
CAP approach
- CAP Return
- Estimation
- 6%
- $945,000
- 6.5%
- $870,000
- 7%
- $810,000
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $1,237,000
- AI Estimate
- $1,237,000
Market price range: $810k - $1.37MMarket price range: $810k - $1.37M -
Alternative Use
- Use
- Estimation
- RETAIL STORES
- $1,035,000 Current use
- AUTO REPAIR, GARAGE
- $2,240,000 Change: +116% Conversion: Difficult
- NEIGHBORHOOD: SHOPPING CENTER
- $1,585,000 Change: +53% Conversion: Moderate
- MEDICAL BUILDING
- $1,335,000 Change: +28% Conversion: Difficult
- OFFICE BUILDING
- $1,130,000 Change: +9% Conversion: Easy
- WAREHOUSE, STORAGE
- $860,000 Change: -17% Conversion: Difficult
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Location Insight
- Map
- Local Demand
- City
- Mesa
- County
- Maricopa
- State
- Arizona
- Longitude
- -111.84
- Latitude
- 33.4203
- CBSA code
- 38060
- CBSA name
- PHOENIX-MESA-SCOTTSDALE, AZ METROPOLITAN STATISTICAL AREA
