351 Country Clb Dr Mesa, AZ 85201-6533
Property profile & analytics
351 Country Clb Dr Mesa, AZ 85201-6533
- Retail space
- 6,454 SF
- 0.46 lot acres
Property ID
US07-1079347
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
Location Intelligence
Current Use by Public Records
- Frutilandia Country Club Dr. / Restaurant
- Taqueria Factory / Restaurant
- Premier Multiservices Agency / Insurance Agency
Property Details for 351 Country Clb Dr
- Year built
- 2004
- Construction
- CONCRETE
- Lot size
- 0.46 lot acres
- Property size
- 6,454 SF
- Zone code
- C-TC
- Property type
- Retail space
- APN
- 138-57-011A
- APU
- 13857011A
Description
This exceptional investment opportunity presents a 6,454 square foot restaurant located at 351 N Country Club Dr, Mesa, AZ 85201. The property boasts a strong 5.75% cap rate and a substantial net operating income (NOI) of $168,000. Currently operating at 100% occupancy, the property is under a sale-leaseback agreement with a dual-concept restaurant (Frutilandia and Taqueria Factory), an established brand with multiple locations. The lease includes a brand new 10-year term with two 5-year options, and features a 12.5% rental increase every 5 years. The property has recently undergone renovations, eliminating any deferred maintenance concerns. Situated on a 0.46-acre lot (APN 138-57-011A), this restaurant benefits from its prime location in a densely populated area, with over 352,000 people within a 5-mile radius. High traffic counts are also a key advantage, with over 26,613 cars passing daily on Country Club Drive and over 24,014 on University Drive at the major intersection. The asking price is $2,921,739, translating to $452.70 per square foot. This is a turnkey investment opportunity with significant upside potential.
Value Estimations
based on Realmo’s proprietary methodology
-
AI approach
- Method
- Estimation
- Statistic approach
- $1,875,000
-
CAP approach
- CAP Return
- Estimation
- 6%
- $1,200,000
- 6.5%
- $1,105,000
- 7%
- $1,030,000
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $1,612,000
- AI Estimate
- $1,612,000
Market price range: $1.03M - $1.74MMarket price range: $1.03M - $1.74M -
Alternative Use
- Use
- Estimation
- RETAIL STORES
- $1,315,000 Current use
- AUTO REPAIR, GARAGE
- $2,845,000 Change: +116% Conversion: Difficult
- NEIGHBORHOOD: SHOPPING CENTER
- $2,010,000 Change: +53% Conversion: Moderate
- MEDICAL BUILDING
- $1,690,000 Change: +28% Conversion: Difficult
- OFFICE BUILDING
- $1,430,000 Change: +9% Conversion: Easy
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Mesa
- County
- Maricopa
- State
- Arizona
- Longitude
- -111.84
- Latitude
- 33.422
- CBSA code
- 38060
- CBSA name
- PHOENIX-MESA-SCOTTSDALE, AZ METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$15,573
$0.00
$0.00
$214,733
-
$560,500
$740,914
$1,301,414
