101/103/105 S Milton Rd | 103 S Milton Rd
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101/103/105 S Milton Rd 103 S Milton Rd
5,343 SF 100% Leased Retail Building Flagstaff, AZ 86001 $3,646,918 CAD ($683 CAD/SF) 7.50% Cap Rate
Investment Highlights
- Stand Alone Building
- Over 140' Milton Rd Frontage
- Room for Additional Improvements
- Milton Corridor Location
- 7.50% Cap Rate (Projected)
- "Buy Out" Option for Leases Available
Executive Summary
Stand alone retail building on desirable Milton Corridor in Flagstaff
directly across from Northern Arizona University and The Jack, a 591
bed student housing apartment complex. This property has over 140
feet of frontage on Milton Rd. An additional 7,000 square feet of
improvements could be developed on the property (buyer to verify with
the City of Flagstaff). Building is 100% occupied by long-time tenants at
below market rents. 7.5 % Cap Rate based upon projected market rents
of $36.00 per square foot NNN. Landlord has the right to "Buy Out" upon
sale of the property per the leases which would allow for buyer to bring
rents to market rates. Location, Location, Location!
directly across from Northern Arizona University and The Jack, a 591
bed student housing apartment complex. This property has over 140
feet of frontage on Milton Rd. An additional 7,000 square feet of
improvements could be developed on the property (buyer to verify with
the City of Flagstaff). Building is 100% occupied by long-time tenants at
below market rents. 7.5 % Cap Rate based upon projected market rents
of $36.00 per square foot NNN. Landlord has the right to "Buy Out" upon
sale of the property per the leases which would allow for buyer to bring
rents to market rates. Location, Location, Location!
Financial Summary (Pro forma - 2023) |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
-
|
-
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
-
|
-
|
| Net Operating Income |
$273,519
|
$51.19
|
Financial Summary (Pro forma - 2023)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $273,519 |
| Annual Per SF | $51.19 |
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Building Size
5,343 SF
Building Class
C
Year Built
1964
Price
$3,646,918 CAD
Price Per SF
$683 CAD
Cap Rate
7.50%
NOI
$273,519 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.33
Lot Size
0.37 AC
Zoning
HC - Highway Commercial
https://www.codepublishing.com/AZ/Flagstaff/html/Flagstaff10/Flagstaff1040030.html#10.40.30.040
Parking
28 Spaces (5.24 Spaces per 1,000 SF Leased)
Frontage
140 ft on Milton
Amenities
- Corner Lot
Walk Score ®
Walker's Paradise (91)
Bike Score ®
Biker's Paradise (99)
Nearby Major Retailers
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $0 CAD (2024) | |
| Land Assessment | $0 CAD (2024) | Total Assessment | $142,228 CAD (2024) |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$0 CAD (2024)
Improvements Assessment
$0 CAD (2024)
Total Assessment
$142,228 CAD (2024)
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101/103/105 S Milton Rd | 103 S Milton Rd
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