125 E Butler Ave
Flagstaff, AZ 86001
MR. FLAGSTAFF | LUXURY STUDENT HOUSING · Multifamily Property For Sale · 9 Units

INVESTMENT HIGHLIGHTS --Absolute triple-net lease, landlord has NO responsibilities --Long-term 10-year master lease with 1.5% annual rent increase and two, five-year renewal options --Corporate and personal guarantee from developer and management company, a successful local Flagstaff operator with strong track record --Top-tier construction quality with elements such as: key card access, solar power, AC, stainless steel appliances, polished concrete floors, maple cabinets and quartz countertops --Rooftop amenities with a 3,500 square foot entertainment space that includes hangout areas with grills, firepits, lounge chairs and games --Pride-of-ownership with new modern architecture and attractive design in one of the best locations in Flagstaff --Unique opportunity to own a passive investment property in a typically management-intensive business --Student housing has shown to be an excellent recession-resistant asset class LOCATION HIGHLIGHTS --Mr. Flagstaff is located just off campus (approx. 5-minute walk) of Northern Arizona University, with over 30,000 students and faculty --Northern Arizona University has seen tremendous growth, growing over 42% in the last 10 years --Flagstaff has a strong tourism sector and receives over 5 million visitors per year due to its proximity to Grand Canyon National Park, Oak Creek Canyon, Arizona Snowbowl, Meteor Crater, and historic Route 66 --1-Mile to Historic Downtown Flagstaff, which hosts the tourism industry, college students and locals with its restaurants, bars, retail shops, and events throughout the year