Just Brakes
4,958 SF | Retail Building | Prescott Valley, AZ 86314 | $1,709,615 ($345/SF) | 6.65% Cap Rate
For Sale
Active
- Date Added:
- May 17, 2024
- Days on Market:
- 28 days
Asking Price $1,709,615
- Property Type
-
Retail
- Square Feet
- 4,958 SF
- Price / Square Foot
- $345
Listing Contacts
Colby Moore
Verified Profile
David Klein
Verified Profile
CJ Brill
Verified Profile
- Property Info
Property Overview
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
Broker of Record: Mark Stratz - LIC# SA557278000
Property Details
- Class
- C
- Year Built
- 1985
- Stories
- 1
- Property Subtype
- Vehicle Related
- Lot Size (sq. ft)
- 13,939 SF
Highlights
- Bite sized high cap rate deal with corporate credit
- Subleased to Mike's Transmission Pros, LLC
- Absolute NNN lease with zero landlord responsibilities
- 2.00% annual rent increases
- Perfect 1031 exchange property
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