1995 W Highway 89A | Sedona, AZ 86336
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1995 W Highway 89A
Sedona, AZ 86336
Retail Property For Sale
INVESTMENT HIGHLIGHTS
- RARE WALGREENS LEASE WITH RENT INCREASES: The Lease provides 5% fixed rent increases every 5-years during the primary term and the 12, 5-year options
- INVESTMENT GRADE CREDIT TENANT: Rent is guaranteed by Walgreens Corporate, a Fortune 500 company and a ±$31 billion Market Cap
- AFFLUENT LOCATION WITH EXCELLENT DEMOGRAPHICS: The average household income within a 1-mile radius is $92,922
- 11+ YEARS LEFT ON 15-YEAR ABSOLUTE NNN LEASE: The subject property operates under a new Absolute NNN Lease with no Landlord responsibilities
- CRITICAL DRIVE-THRU LANE: Drive-thru lanes are critical for retailers, last year hit a record $12 Billion, drive-through real estate has exploded.
PROPERTY FACTS
Property Type
Retail
Property Subtype
Drug Store
Building Size
17,505 SF
Building Class
B
Year Built
1997
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.21
Lot Size
1.94 AC
Parking
63 Spaces (3.6 Spaces per 1,000 SF Leased)
Frontage
AMENITIES
- Signage
- Signalized Intersection
- Drive Thru
PROPERTY TAXES
| Parcel Number | 408-26-031C | Improvements Assessment | $2,933,192 |
| Land Assessment | $2,177,624 | Total Assessment | $5,110,816 |
PROPERTY TAXES
Parcel Number
408-26-031C
Land Assessment
$2,177,624
Improvements Assessment
$2,933,192
Total Assessment
$5,110,816
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