Country North Plaza - Price Reduced
Retail | 7.50% CAP | 27,883 SqFt
Marketing description
Bernstein Murphy is pleased to be the exclusive advisor for the disposition of Country North Plaza located in Mesa, Arizona. The neighborhood retail center includes 27,883 square feet and features a rent roll anchored by Goodwill and accompanied by a diverse mix of service oriented retail tenants. The owners of Country North Plaza will benefit from a desirable small format footprint that places emphasis on e-commerce resistant tenants while minimizing big box exposure. The location on the NEC corner of Country Club and Brown puts the property in the middle of stable Mesa demographics with dependable traffic counts. Country Club Drive, a major north/south road that transforms into State Route 87 just north of the plaza, averages +35K vehicles per day. The center is 95% occupied allowing potential investors the opportunity to raise future shop rents while maintaining positive cash flow from the current rent roll. Please contact us for more information.
Investment highlights
Price Recently Reduced! Now offered at a 7.50% capitalization rate.
56% of the rent roll features credit tenants. Goodwill has over 120 locations, and Fresenius Medical has over 4,000 centers.
Virtually zero deferred maintenance. Current ownership has recently invested thousands in CapEx improvements.
Country North is the only retail center on the intersection providing long term stability.
+30,000 people that live within 1 mile of the center. +35,000 VPD on Country Club Drive.
Listing Contacts
Valuation Calculator
Valuation Metrics
Map
Broker Selected Comps View More Comps
Property History
Tax History
Similar Properties
Additional Information
Is there information that looks off?
