National Tenant Investment Opportunity

2775 S Woodlands Village Blvd Flagstaff, AZ 86001

2775 S Woodlands Village Blvd, Flagstaff, AZ, 86001
2775 S Woodlands Village Blvd, Flagstaff, AZ, 86001
FOR SALE
Property Type:
Free Standing Building
Amount:
$3,995,000
Last Verified:
Jun 07, 2020

Highlights

  • NN lease (landlord responsible only for roof and structure)
  • Leased through 1/31/28 (7+ years)
  • Annual rent is $220,380 until 1/31/22
  • Annual rent after 1/31/22 is $246,828 for next 5 years
  • *Seller will credit at sale rent spread between the current $220,380 and pending $246,828 to support a continuous income stream of $246,828 (6.2% cap rate)
  • 57 parking spots
  • Essential needs store

Description

Single User National Tenant investment property located at hard corner off Interstate 17 & Interstate 40 in Flagstaff, AZ. Property is located across the street from Walmart and walking distance to Northern Arizona University and Milton Road (main thoroughfare through town). The original tenant, Big 5, has occupied the property since 1995 and has over 7 years remaining on the current lease with option to extend. This Big 5 location is one of the highest volume stores in Arizona.

Corner of S Woodlands Village Blvd and Beulah Blvd


Year Built: 1995
Building Size: 11545.0sq ft
Lot Size: 1.35 acres

Map of 2775 S Woodlands Village Blvd, Flagstaff, AZ, 86001

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