For Sale
$2,267,000

8000 Long Mesa DrPrescott Valley, AZ 86314

High-yield Arizona auto shop investment.

Overview

Added:
Dec 11, 2024
Days on market:
115
This exceptional investment opportunity presents a 13,470-square-foot Carstar Collision Center located at 8000 E Long Mesa Dr, Prescott Valley, Arizona, 86314. The property sits on a 1.84-acre lot and is offered as a sale-leaseback with a new 10-year NNN lease to be executed at closing. The lease features a highly desirable franchisee tenant with a strong credit history, ensuring consistent income. Built in 1983, the property boasts 100% occupancy and benefits from built-in annual rent increases of 3%, providing a hedge against inflation. The current asking price is $2,267,000, translating to a price per square foot of $168.30 and a compelling 7.50% cap rate. The lease includes three 5-year renewal options, offering long-term stability and predictable cash flow. This sale-leaseback presents a rare opportunity to acquire a high-demand, passively managed asset in a competitive market. The property's strong tenant, favorable lease terms, and attractive financial metrics make it an ideal investment for those seeking a stable, high-yield return. The net rentable square footage is 13,470 square feet. Further details are available upon request.

Highlights

  • 13,470 SF Carstar Collision Center on a 1.84-acre lot in Prescott Valley, AZ.
  • Sale-leaseback with a new 10-year NNN lease, featuring a strong credit tenant.
  • $2,267,000 asking price, $168.30/SF, 7.50% cap rate.
  • 3% annual rent increases and three 5-year renewal options.

Property Details for 8000 Long Mesa Dr

Property type
Retail properties, Industrial properties
Square Feet
13,470 SF
Year Built
1983
Lot Size (sq. ft)
80,150 SF

Location Insight

City
Prescott Valley
County
Yavapai
State
Arizona
Latitude
34.6253196
Longitude
-112.3236358
8000 Long Mesa Dr, Prescott Valley, Arizona

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8000 Long Mesa Dr
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