This PRIME INVESTMENT OPPORTUNITY has a clean 7.2% cap rate with 2% annual increases, making it an excellent choice for a hands-off owner or 1031 exchange. This is a rare opportunity to own a fully leased, income-generating property in a high-visibility location on State Route 69 in Prescott Valley with 30 ft of frontage with stable, long-term tenancy. The property is secured by a NNN lease with zero landlord responsibilities, and the master lease is held by a major corporation with excellent credit. The lease extends through 12/31/2032. Currently home to Mike's Transmission, a successful automotive repair business. The building was built in 1985 and spans 5,246 sq ft. It has 6 active bays, 2 exterior loading docks, 2 car lifts, a reception area, a private office, and 2 bathrooms. Additional upper-level storage provides extra functionality for business operations. On a 0.32-acre lot with C2-3 zoning, the zoning allows for a variety of commercial uses while maintaining compatibility with surrounding businesses. The seller is completing a 1031 exchange, seller carryback financing is not available. This is a rare opportunity to own a fully leased, income-generating property in a high-visibility location with stable, long-term tenancy.
- Age: 31-40 Years Old
- Architecture Style: Other
- Building Units: 1
- Cooling System: Central Air
- Exterior Type: Frame
- Floor Covering: Concrete
- Heating System: Heat Pump (Heating)
- Legal Description: AN IRREG PCL LYNG IN THE SE4 SEC 14 WITH THE SE COR LYNG APPROX 570' W & 110' N FROM THE SE COR SEC 14-14-1W CONT .26AC 3366/718
- MLSID: 1072072
- Parking Spaces: 15
- Roof Type: Rolled/Hot Mop
- Roof Type: Metal