2430 Apache Trl Apache Junction, AZ 85120-5286
- Retail space
- 6,300 SF
- 1.53 lot acres
Current Use by Public Records
- National Insurance / Auto Insurance Agency
- Fatman's Pizza / Pizza Restaurant / Grill
- Cricket Wireless Authorized Retailer / Cell Phone Store
- EDWARD MICHAEL GALICZYNSKI / Dermatologist
- MICHAEL LOWELL CRANDALL / Dermatologist
Property Details for 2430 Apache Trl
- Year built
- 2006
- Construction
- CONCRETE
- Lot size
- 1.53 lot acres
- Property size
- 6,300 SF
- Property type
- Retail space
- APN
- 101-05-138A
- APU
- 10105138A
Description
This exceptional 12,300-square-foot retail storefront in Apache Junction, Arizona, presents a compelling investment opportunity. Built in 2006 and renovated in 2023, this single-story building boasts modern architecture and sits on a 1.53-acre lot with ample parking (40 spaces). Currently 100% occupied by five tenants, the property generates a strong net operating income (NOI) of $213,440, yielding a 6.20% capitalization rate. The asking price is $3,419,000, translating to $284.15 per square foot. Strategically located on West Apache Trail, a major thoroughfare connecting Apache Junction to Mesa, Gilbert, Queen Creek, and Tempe, the property benefits from high visibility and convenient access. Its proximity to US-60 and Loop 202 freeways, along with nearby major retailers like Fry's and Walmart, further enhances its appeal. The property's Net Lease (NNN) structure minimizes landlord responsibilities, making it an attractive, low-maintenance investment. Platinum Dermatology, a significant anchor tenant with a substantial presence in the sunbelt states, contributes significantly to the property's stable occupancy and income stream. This multi-tenant retail investment offers a blend of strong financial performance and prime location, making it an ideal addition to any portfolio. The property's APN is 101-05-138A and the zip code is 85120.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $2,540,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $2,925,000
- 6.5%
- $3,170,000
- 7%
- $2,785,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $3,005,000
- Geo Method
- $2,580,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $2,880,000
- Retail
- $3,025,000
- Mixed-Use
- $3,090,000
- Hospitality
- $2,530,000
- Educational
- $2,960,000
- Residential Income
- $2,290,000
- Energy
- $2,760,000
- Income-Based Land
- $3,070,000
- Food Service
- $2,375,000
Location Insight
- Map
- Local Demand
- City
- Apache Junction
- County
- Pinal
- State
- Arizona
- Longitude
- -111.572
- Latitude
- 33.416
- CBSA code
- 38060
- CBSA name
- PHOENIX-MESA-SCOTTSDALE, AZ METROPOLITAN STATISTICAL AREA
