For Sale
$2,564,640

101 Milton RdFlagstaff, AZ 86001

High-Yield, Multi-Tenant Storefront

Overview

Added:
Dec 11, 2024
Days on market:
116
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.

Highlights

  • 5,343 SF retail building on 0.37-acre lot at 101/103/105 S Milton Rd, Flagstaff, AZ.
  • Prime Milton Road location across from NAU and student housing, with over 140 feet of frontage.
  • 100% occupied by long-term franchise tenants; lease buy-out option available.
  • Projected 7.5% cap rate based on pro-forma NOI of $192,348, with potential for $36/SF NNN rents.
  • Potential for up to 7,000 SF of additional improvements (buyer to verify).

Property Details for 101 Milton Rd

Property type
Retail properties, Retail space
Square Feet
5,343 SF
Class
C
Year Built
1964
Buildings
1
Stories
1
Lot Size (sq. ft)
16,117 SF

Location Insight

City
Flagstaff
County
Coconino
State
Arizona
Latitude
35.196737020365
Longitude
-111.65492123406
101 Milton Rd, Flagstaff, Arizona

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101 Milton Rd
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