2385 W State Route 89A
Sedona, AZ 86336
Builders FirstSource | Sedona, AZ · Retail Property For Sale

The lease structure is double net (NN), with minimal landlord responsibilities. Tenant is responsible for HVAC, maintaining CAM and parking, and payment of all taxes, utilities, and insurances. The Landlord' s responsibility for the roof and structure is limited to new roof and structural issues not identified in a 2016 PCA/roof report for 10 years. The lease provides for 2% annual rental increases. The lease commenced in September 2016 and the primary term is 10.5 years. The lease is backed by a corporate guaranty from a publicly traded company with a B/B2 credit rating. There are 11,013 residents located in the five (5) mile demographic ring, and this area is projected to experience growth of 2.0% over the next five (5) years. The average household income in the five (5) mile demographic ring is $67,944. Builders FirstSource has strong frontage on State Hwy 89A, which reports high traffic counts of 31,184 cars per day at this location. Builders FirstSource is surrounded by several popular retailers including McDonald' s, Safeway, Starbucks, Walgreens, Wells Fargo, Enterprise Rent-A-Car and Natural Grocers, among others. Sedona is home to nearly 10,000 residents and welcomes over 4 million visitors annually. The city is home to over 1.2 million square feet of retail space with tight vacancies.