For Sale
$1,183,047

705 Pike StWinslow, AZ 86047

High-yield, two-tenant retail property.

Overview

Added:
Dec 11, 2024
Days on market:
116
This exceptional investment opportunity presents a freestanding, two-tenant retail property situated in Winslow, Arizona. The property boasts a total of 12,314 square feet, currently 100% occupied by Dollar General and Buddy's Home Furnishings, both credit-rated tenants with a corporate guarantee. The lease is a Net Net (NN) structure, providing a predictable income stream. With a remaining lease term of 2.5 years expiring May 30, 2027, this property offers immediate cash flow and long-term potential. The asking price is $1,183,047, representing a compelling $96.07 per square foot and a 9.00% capitalization rate. Built in 2005, the single-story building sits on a 1.15-acre lot. Its prime location across from a Walmart Supercenter ensures high visibility and convenient access for customers. This property is part of a larger portfolio, but can be purchased individually. The property's strong tenant mix, favorable lease terms, and strategic location make it an attractive investment for discerning buyers seeking stable returns in a growing market. The property consists of one building with two units.

Highlights

  • $1,183,047 asking price for a two-tenant retail investment property.
  • 12,314 square feet on a 1.15-acre lot in Winslow, Arizona.
  • 100% occupancy with Dollar General and Buddy's Home Furnishings as tenants.
  • NN lease type with credit-rated tenants and corporate guarantees.
  • 9.00% cap rate with a $96.07 price per square foot.
  • 2.5 years remaining lease term expiring May 30, 2027.

Property Details for 705 Pike St

Property type
Retail properties, Retail space
Square Feet
12,314 SF
Year Built
2005
Buildings
1
Stories
1
Lot Size (sq. ft)
50,094 SF
Units
2

Location Insight

City
Winslow
County
Navajo
State
Arizona
Latitude
35.04076817
Longitude
-110.70110548
705 Pike St, Winslow, Arizona

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705 Pike St
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