APACHE TRAIL MARKETPLACE
Apache Trail Marketplace is located within the main retail hub of Apache Junction, Arizona. The subject property is tenanted and positioned to serve the demographic profile of Apache Junction well. The subject trade area consists of a median age of +/- 46, with average household income of +/- $55,000. The subject property is well suited to serve the older value oriented consumers within the trade area.
- Center offers great visibility and ingress/egress
- Located at the most powerful retail intersection in Apache Junction, AZ
- Across from Wal-Mart Supercenter with major tenants: Starbucks, McDonald’s, Arby’s, AutoZone, Aaron’s and Jack In The Box
- Densely populated area within Apache Junction with over 135,000 people in a 5-mile radius
- More than 30,000 cars per day go through the intersection daily
- Retail vacancies at the intersection are minimal
BUY – Purchased for $1,100,000 on 2/10/2017.
FIX – Property was purchased with 55% vacancy. The plan includes a full remodel of the existing vacant space (approximately 6,810 SF) to accommodate two new tenants (6,000SF and 810 SF). 3-Year Lease signed on 810 SF space, starting May 1, 2017. 10-Year Lease signed with Arizona Dermatology on 6,000 SF space, starting July 1, 2017. Property is now 100% Leased. Property to be held for long-term investment.
SELL – Sold for $2,341,000 on 4/23/2021.
MAP & DIRECTIONS
VESTIS GROUP | PHOENIX ARIZONA COMMERCIAL REAL ESTATE INVESTMENTS
Vestis Group | Vestis Capital LLC is a real estate firm focused on Multi Family Residential Investment. We invest our clients’ capital together with our own to take advantage of opportunities with attractive risk-return attributes and an expectation of above-market returns. These goals are achieved through stringent underwriting practices and proactive property and asset management.
Through our extensive knowledge of the Phoenix multi-family residential real estate market, we can identify early trends, which provide insight into our pursuit of investment opportunities. Vestis Group’s principals have a thorough knowledge of the housing industry.
We have developed, built, rehabilitated, constructed, improved, managed and sold thousands of apartments, condos, homes, and home sites. Vestis Group principals and affiliates also have extensive experience constructing, improving, renovating, owning and operating residential and commercial properties. Our expertise in management, finance and construction is the backbone supporting every investment opportunity we identify.
For more information, please contact Vestis Group at 602-281-6202 or Email Us.