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Verde Valley Real Estate and Business 11425 E Cornville Rd

4,864 SF 100% Leased Retail Building Cornville, AZ 86325 $1,488,343 CAD ($306 CAD/SF) 7.18% Cap Rate

Executive Summary

Introducing a premiere owner-user business AND investment opportunity in the Verde Valley! This turnkey restaurant has been a landmark in the area since its inception decades ago, never straying from its award winning cuisine and near 5 star reviews. Attracting consumers from across the region, this 2,400 SF freestanding building is fully equipped and in a state of easy transition for the next savvy business owner to continue the same mouth-watering premise or to inject/create their own. The blue sky is as bright as a Sedona summer day, with opportunities to expand the number of days open, the hours, and even the perfected menu. With meticulous ownership, from the food preparation to the detailed financial statements, there is no better comfort knowing exactly what you will be inheriting as you strap on your apron and put your own spin on sustained delicacy. To add to the appetite, the property also features two affixed mobile home units fully leased. Both units are rented on a MTM basis and under fair market rent, allowing a buyer the opportunity for a live/work situation or the ability to offset any debt service through long-term tenancy. Located right at the "gateway" to the Verde Valley's wine region, this property promises immediate returns and future potential. With a strategic location and thriving local business environment, this property is perfectly positioned for success. Don't miss out on the chance to secure a profitable venture in this dynamic market. Take advantage of this turnkey opportunity and elevate your portfolio with this sought-after investment.

Attachments

OM Manzanita

Financial Summary (Actual - 2023)

Annual (CAD) Annual Per SF (CAD)
Gross Rental Income $580,312 $119.31
Other Income $55,629 $11.44
Vacancy Loss - -
Effective Gross Income $635,941 $130.74
Net Operating Income - -

Financial Summary (Actual - 2023)

Gross Rental Income (CAD)
Annual $580,312
Annual Per SF $119.31
Other Income (CAD)
Annual $55,629
Annual Per SF $11.44
Vacancy Loss (CAD)
Annual -
Annual Per SF -
Effective Gross Income (CAD)
Annual $635,941
Annual Per SF $130.74
Net Operating Income (CAD)
Annual -
Annual Per SF -

Property Facts

Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Restaurant
Building Size
4,864 SF
Year Built/Renovated
1980/2006
Price
$1,488,343 CAD
Price Per SF
$306 CAD
Cap Rate
7.18%
NOI
$106,806 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.19
Lot Size
0.60 AC
Zoning
C-1 - Mixed-use zone
Parking
20 Spaces (4.11 Spaces per 1,000 SF Leased)
Frontage
50 ft on E. Cornville Rd

Amenities

  • Corner Lot
  • Fenced Lot
  • Restaurant
  • Signage
  • Air Conditioning
  • Smoke Detector
  • Listing ID: 31644806

  • Date on Market: 2024-04-29

  • Last Updated:

  • Address: 11425 E Cornville Rd, Cornville, AZ 86325

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