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Just Brakes 7890 E State Route 69

4,958 SF Retail Building Prescott Valley, AZ 86314 $2,423,328 CAD ($489 CAD/SF) 6.65% Cap Rate

Retail Space Arizona Prescott Valley 7890 E State Route 69, Prescott Valley, AZ 86314

Investment Highlights

  • Bite sized high cap rate deal with corporate credit
  • Absolute NNN lease with zero landlord responsibilities
  • Perfect 1031 exchange property
  • Subleased to Mike's Transmission Pros, LLC
  • 2.00% annual rent increases

Executive Summary

Transwestern Net Lease Group is pleased to present 7890 E State Route 69 in Prescott Valley, AZ. The subject property is leased to Just Brakes through 2032 on an absolute NNN lease with 2% annual rent increases. Just Brakes has subleased the site to Mike’s Transmission Pros. Nestled alongside major highway E-AZ-69 with over 35,000 vehicles per day, the property is surrounded by national retailers such as Chase Bank, Safeway, CVS and many more. Prescott Valley continues to expand and is located just 85 miles north of Phoenix, AZ which ranks fifth in the nation for economic growth.
Broker of Record: Mark Stratz - LIC# SA557278000

Attachments

Offering Memorandum

Property Facts

Sale Type
Investment NNN
Sale Condition
1031 Exchange
Property Type
Retail
Property Subtype
Auto Repair
Building Size
4,958 SF
Building Class
C
Year Built
1985
Price
$2,423,328 CAD
Price Per SF
$489 CAD
Cap Rate
6.65%
NOI
$161,186 CAD
Tenancy
Single
Building Height
1 Story
Loading Docks
2 Exterior
Building FAR
0.36
Lot Size
0.32 AC
Opportunity Zone
Yes
State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.
Zoning
C2 - 3 - Commercial Intermediate District, is a district of commercial uses of medium intensity designed to be compatible with each other
Parking
9 Spaces (1.82 Spaces per 1,000 SF Leased)
Frontage
30 ft on E SR 69

Amenities

  • Signage
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7890 E State Route 69, Prescott Valley, AZ - aerial map view - Image1
7890 E State Route 69, Prescott Valley, AZ - aerial map view - Image2

Nearby Major Retailers

Safeway
PNC Bank
Starbucks
Rent-A-Center
the Human Bean
Denny's
Chase Bank
Bank of America
Baja Fresh
Fry’s Food Stores

PROPERTY TAXES

Parcel Number 103-02-741B Improvements Assessment $391,285 CAD
Land Assessment $156,092 CAD Total Assessment $547,377 CAD

PROPERTY TAXES

Parcel Number
103-02-741B
Land Assessment
$156,092 CAD
Improvements Assessment
$391,285 CAD
Total Assessment
$547,377 CAD
(310) 793-6069

Contact

  • Listing ID: 26818365

  • Date on Market: 2022-10-10

  • Last Updated:

  • Address: 7890 E State Route 69, Prescott Valley, AZ 86314

The Retail Property at 7890 E State Route 69, Prescott Valley, AZ 86314 is currently available for sale. Contact Transwestern Real Estate Services for more information.

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Just Brakes | 7890 E State Route 69
(310) 793-6069 x

Just Brakes | 7890 E State Route 69

CJ Brill

(310) 793-6069

(310) 793-6069

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