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2245 E State Route 69 6,319 SF 100% Leased Retail Building Prescott, AZ 86301 $2,450,000 ($387.72/SF) 5.62% Cap Rate
Investment Highlights
- AZ State Route 69 Frontage
Executive Summary
High Visibility 2 Tenant Fully Leased Veterinary Hospital and Clinic and a Wellness Spa. Long term Tenants till 2031.
Vet Tenant Ranked in Top 500 Companies by INC. Magazine. Unique property in that it has Veterinary Hospital and Clinic as well as a Wellness Spa and a 1/1 residential unit attached that Veterinary provider used for Dr and Nurse overnight stays with veterinary patients after surgery etc. Clinic build out works as medical space as well.
Vet is primary tenant with a sublease from the Wellness Spa. This is a sold NNN 5.7 cap with 2% annual increases.
Solid 5.5 cap NNN.
Vet Tenant Ranked in Top 500 Companies by INC. Magazine. Unique property in that it has Veterinary Hospital and Clinic as well as a Wellness Spa and a 1/1 residential unit attached that Veterinary provider used for Dr and Nurse overnight stays with veterinary patients after surgery etc. Clinic build out works as medical space as well.
Vet is primary tenant with a sublease from the Wellness Spa. This is a sold NNN 5.7 cap with 2% annual increases.
Solid 5.5 cap NNN.
Data Room Click Here to Access
Property Facts
Sale Type
Investment NNN
Sale Condition
1031 Exchange
Property Type
Retail
Property Subtype
Building Size
6,319 SF
Building Class
B
Year Built/Renovated
1995/2017
Price
$2,450,000
Price Per SF
$387.72
Cap Rate
5.62%
NOI
$137,800
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.41
Lot Size
0.35 AC
Zoning
BR - Business Regional
Frontage
362’ on AZ State Route 69
Amenities
- Signage
- Monument Signage
- Air Conditioning
Major Tenants Click Here to Access
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease Type
- Lease End
- Thrive Pet Healthcare
- Health Care and Social Assistance
-
99,999 SF
-
$9.99
-
Lorem Ipsum
-
Jan 0000
| Tenant | Industry | SF Occupied | Rent/SF | Lease Type | Lease End | |
| Thrive Pet Healthcare | Health Care and Social Assistance | 99,999 SF | $9.99 | Lorem Ipsum | Jan 0000 |
Nearby Major Retailers
Property Taxes
| Parcel Number | 112-05-028A | Improvements Assessment | $1,463,947 |
| Land Assessment | $172,867 | Total Assessment | $1,636,814 |
Property Taxes
Parcel Number
112-05-028A
Land Assessment
$172,867
Improvements Assessment
$1,463,947
Total Assessment
$1,636,814
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Mountain & Desert Properties
2245 E State Route 69
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