371 Garden St 20,000 SF 100% Leased Retail Building Prescott, AZ 86305 $2,750,000 ($137.50/SF) 6.57% Cap Rate

371 Garden Street presents the opportunity to acquire a fully leased multi-tenant retail investment in Prescott, Arizona. Offered at $2,750,000, the asset is a stabilized five-tenant NNN investment generating current in-place NOI of $180,653 and an actual capitalization rate of 6.5692%, providing investors with immediate cash flow backed by existing tenancy rather than projected performance.
The property consists of approximately 20,000 square feet situated on 0.93 acres and is fully occupied across five separate leases. The diversified tenant roster reduces reliance on any single occupant, with the largest tenant occupying approximately 6,000 square feet. This distribution of tenancy supports income stability and mitigates concentration risk commonly associated with single-tenant investments.
Positioned along Miller Valley Road, the property benefits from frontage and direct access on one of Prescott's established commercial corridors. The location provides visibility to daily traffic while serving surrounding residential neighborhoods, professional offices, and retail businesses. Prescott continues to attract residents and businesses seeking a high-quality Northern Arizona market with proximity to the Phoenix metropolitan area while maintaining a strong local economy and year-round commercial activity.
The site includes 49 on-site parking spaces, providing convenient customer and tenant access. Combined with its fully leased status, NNN lease structure, diversified rent roll, and established location, the property offers investors a stabilized retail asset with immediate income and long-term ownership potential in one of Arizona's most recognized regional markets.