7890 E State Route 69 Prescott Valley, AZ 86314

Other MLS #: 1072072 Courtesy Of eXp Realty- Prescott

Property InformationDescription

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.

Features

  • 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

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7890 E State Route 69, Prescott Valley, AZ 86314
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