1330 Sr-89ABuckeye, AZ 85326

Property Details for 1330 Sr-89A

Year built

1977

Property size (Sq ft)

5,544 SF

Property type

Retail properties

Property subtype

Other retail properties

Description

This exceptional 5,544 square foot retail building, located at 1330 SR-89A in Cottonwood, Arizona (zip code 85326), presents a compelling investment opportunity. The property, built in 1977 and zoned C-2 (Commercial), boasts a prominent location on SR-89A, offering high visibility and accessibility. Currently leased to Puerto Azul under a 5-year Absolute NNN lease commencing December 31, 2023, and expiring February 27, 2029, the lease includes a built-in 5% annual rent increase. The asking price is $1,200,000, representing a price per square foot of $216.45 and a 7.24% cap rate. The property features ample parking, with 9 spaces per 1,000 square feet, catering to the needs of the tenant and their customers. Its history as a successful Mexican restaurant speaks to the location's inherent strengths within Cottonwood's growing market. The minimal landlord responsibilities associated with an Absolute NNN lease make this an attractive option for investors seeking passive income and long-term value. The property's APN is 406-06-022B, 020C. This is a turnkey investment opportunity in a desirable location with a strong tenant and favorable lease terms.

Location Insight

City

Buckeye

County

Yavapai

State

Arizona

Latitude

33.3072

Longitude

-112.572

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