798 Az-92Sierra Vista, AZ 85635

Property Details for 798 Az-92

Year built

2004

Lot size

1.10 AC

Property size (Sq ft)

8,754 SF

Property type

Retail properties

Property subtype

Other retail properties

Description

This exceptional 8,754-square-foot restaurant building, situated on a 1.1-acre lot in Sierra Vista, Arizona, presents a compelling investment opportunity. Built in 2004, the single-story structure is currently vacant, offering a blank canvas for a new operator. The property boasts a prominent location along Highway 92, ensuring high visibility and convenient access with ample parking. The asking price is $1,369,000, translating to $156.39 per square foot. The land itself is valued at $18 per square foot. The property features a well-designed layout ideal for a buffet-style restaurant, including all stainless steel equipment included in the sale. Financial projections indicate a pro-forma cap rate of 11.99% and a pro-forma NOI of $164,137. The property is zoned GC and has a parcel number of 105-05-618. This is a NNN lease investment opportunity, perfect for an owner/user seeking a high-traffic location with excellent ingress and egress. The property's previous tenant was a Golden Corral, making it immediately suitable for a similar concept or a comparable restaurant. This is a rare opportunity to acquire a well-positioned restaurant property in a thriving market, priced to sell quickly.

Location Insight

City

Sierra Vista

County

Cochise

State

Arizona

Latitude

31.5477

Longitude

-110.258

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