101 Milton Rd Flagstaff, AZ 86001

This exceptional value-add investment opportunity presents a 5,343 square foot, three-tenant retail storefront located at 101/103/105 S Milton Rd, Flagstaff, AZ 86001. The property boasts a prime location on the desirable Milton Road Corridor, directly across from Northern Arizona University and a large student housing complex, offering over 140 feet of high-visibility frontage. Currently 100% occupied by long-term franchisee tenants, the property presents significant upside potential. The existing leases allow for a "buy-out" option upon sale, enabling the new owner to increase rents to market rates of $36.00 per square foot NNN, resulting in a projected 7.5% capitalization rate based on a pro-forma NOI of $192,348. Built in 1964, this single-story building sits on a 0.37-acre lot zoned Highway Commercial (HC). The asking price is $2,564,640, translating to $480 per square foot. Further development potential exists, with the possibility of adding up to 7,000 square feet of improvements (buyer to verify with the City of Flagstaff). This property offers a compelling combination of strong location, stable tenancy, and significant upside potential, making it an ideal addition to any investment portfolio. APN: 100-37-003B, 100-37-004A, & 100-37-005.