For Sale
$1,133,120

901 Route 66Williams, AZ 86046

Arizona Retail Property - Net Lease

Overview

Added:
Dec 11, 2024
Days on market:
116
This 8,050-square-foot Family Dollar store in Williams, Arizona, presents a compelling net lease investment opportunity. Located at 901 W Rte 66, this fee-simple property boasts a strong tenant with a corporate guarantee and a credit rating, ensuring financial stability. The lease, commencing July 14, 2002, and expiring December 31, 2027, offers a remaining term of approximately 3.1 years, with a one-to-five-year option at a 10% rent increase. The property features 26 parking spaces and sits on a 0.56-acre lot. The building, constructed in 2002, enjoys 100% occupancy and generates a net operating income (NOI) of $84,984, resulting in a 7.50% cap rate. The asking price is $1,133,120. The property benefits from its location in Williams, a gateway to Grand Canyon National Park, with proximity to the Grand Canyon Railway and Bearizona Wildlife Park, attracting significant tourism. The surrounding area demonstrates strong demographics, with average household incomes exceeding $80,000 within a seven-mile radius. The tenant is required to report store sales annually. Landlord responsibilities are limited to structural components, roof, parking, service, and access areas; tenant responsibilities include HVAC maintenance, parking lot restripes, snow removal, and trash disposal. The property's APN is 202-22-004-C. This is an exceptional opportunity to acquire a stable, income-producing asset in a high-traffic location with significant growth potential.

Highlights

  • $1,133,120 asking price for this 8,050 SF Family Dollar storefront in Williams, AZ.
  • Net lease with a credit-rated corporate guarantee, offering minimal landlord responsibilities.
  • 3.1 years remaining on the lease, with a 5-year option at a 10% rent increase.
  • 7.50% cap rate based on a $84,984 NOI.
  • Located on 0.56 acres with 26 parking spaces, in a high-traffic area near the Grand Canyon Railway and Bearizona Wildlife Park.

Property Details for 901 Route 66

Property type
Retail properties, Retail space
Square Feet
8,050 SF
Year Built
2002
Lot Size (sq. ft)
24,394 SF

Location Insight

City
Williams
County
Coconino
State
Arizona
Latitude
35.248292706561
Longitude
-112.19645233873
901 Route 66, Williams, Arizona

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901 Route 66
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