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700 W Highway 89A 9,500 SF Retail Building Sedona, AZ 86336 $16,706,800 ($1,758.61/SF) 5.50% Cap Rate
Investment Highlights
- Absolute NNN lease structure with no landlord responsibilities.
- Located directly on State Route 89A in Sedona.
- Personally guaranteed
- Occupied by Mariposa Latin Inspired Grill.
- Approximately 2.26-acre site bordered by Coconino National Forest.
- Irreplaceable world class real estate
Executive Summary
Home to world-renowned Mariposa Latin Inspired Grill - 700 West State Route 89A represents an ULTRA rare opportunity to acquire an absolute NNN income property in one of the Southwest's most supply-constrained destination markets. Recently appraised at $18.35M.
The real estate itself is irreplaceable. The ±2.26-acre site sits directly on SR 89A bordered on multiple sides by Coconino National Forest — meaning this view corridor, this location, and this land mass cannot be duplicated at any price. Panoramic red rock views from every area of the property anchor a dining experience that has been featured in Forbes, the New York Times, and Arizona Highways, and that drives millions of dollars in organic, guest-generated social media exposure annually. Adjacent to the newly developed iconic Ambiente Resort and at the top of Sedona's primary commercial corridor, this is not a commodity net lease asset — it is a landmark trophy property with durable, inflation-aware income, a proven operator, and a physical footprint that will never be replicated.
No visit to Sedona is complete without dining at Mariposa...
THIS IS THE PINNACLE OF SEDONA COMMERCIAL REAL ESTATE WITH HISTORICAL AND FORWARD NOI TO BACK IT UP.
DO NOT LET THIS ONE PASS BY. OWN A TRUE TROPHY LEGACY PROPERTY.
Email broker for NDA and access to OM with full details.
Investment highlights
The real estate itself is irreplaceable. The ±2.26-acre site sits directly on SR 89A bordered on multiple sides by Coconino National Forest — meaning this view corridor, this location, and this land mass cannot be duplicated at any price. Panoramic red rock views from every area of the property anchor a dining experience that has been featured in Forbes, the New York Times, and Arizona Highways, and that drives millions of dollars in organic, guest-generated social media exposure annually. Adjacent to the newly developed iconic Ambiente Resort and at the top of Sedona's primary commercial corridor, this is not a commodity net lease asset — it is a landmark trophy property with durable, inflation-aware income, a proven operator, and a physical footprint that will never be replicated.
No visit to Sedona is complete without dining at Mariposa...
THIS IS THE PINNACLE OF SEDONA COMMERCIAL REAL ESTATE WITH HISTORICAL AND FORWARD NOI TO BACK IT UP.
DO NOT LET THIS ONE PASS BY. OWN A TRUE TROPHY LEGACY PROPERTY.
Email broker for NDA and access to OM with full details.
Investment highlights
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Restaurant
Building Size
9,500 SF
Building Class
B
Year Built
2014
Price
$16,706,800
Price Per SF
$1,758.61
Cap Rate
5.50%
NOI
$918,874
Tenancy
Single
Building Height
1 Story
Building FAR
0.11
Lot Size
2.00 AC
Zoning
Commercial - Commercial
Parking
95 Spaces (10 Spaces per 1,000 SF Leased)
Frontage
650’ on State Route 89A
Amenities
- Air Conditioning
Fairly walkable
40/100
Very drivable
80/100
Limited public transit
20/100
Moderately bikeable
70/100
Nearby Major Retailers
Property Taxes
| Parcel Numbers | Improvements Assessment | $0 | |
| Land Assessment | $0 | Total Assessment | $531,940 |
Property Taxes
Parcel Numbers
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$531,940
Contacts
-
Jack McMahon -
Nick Sivek -
Padraic Hawley -
McMahon & Miller Commercial Real Estate
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