248 Justin Drive, Cottonwood, AZ 86326
Overview
Description
Supplements: ... (Read more) The building is Leased by Wild Tonic® an iconic beverage company known for its premium Sparkling Jun and Hard Jun varietals. With over 20 different products and recognition from Forbes, Food Network, POPSUGAR, USA TODAY 10 bests, and many others, this is an opportunity you won't want to miss. Wild Tonic® products are proudly displayed on the shelves of many grocers including Sprouts, Natural Grocers, and AJS Fine Foods. The Tenant is in the first year of its current five-year lease term. With three more five-year options to go. The Lease agreement is a solid NNN Lease with annual escalators each calendar year. With an NOI of $219,827.28 during the first year of acquiring the asset this is a solid 6.5% CAP RATE. It's hard to find a better property to satisfy your 1031 Exchange. If you're looking for your first income property or if you have a large portfolio and are looking for more mailbox money this, is it.
Listing Details MLS# 1065163
ContractAddressLegal
- Original List Price
- 3381958
- Listing Price
- 3381958
- Street #
- 248
- Street Name
- Justin
- St Suffix
- Drive
- City/Township
- Cottonwood
- State
- AZ
- Zip Code
- 86326
- County
- Yavapai
- Tax Parcel
- 406-51-012E
General Property Description
- Aprx Acres
- 0.74
- Buildings
- Yes
- Total Liveable SqFt
- 17645
- Source of Measuremnt
- County Assessor
- Stories
- Yes
- Parking Spaces
- 15
- Year Built
- 1999
- Management
- Mgmt Company
- Gross Vol/Yr $
- 242239
- NOI $
- 219827.27
- Cap %
- 6.5
- CAM $
- 22411.92
- Baths - Full
- Yes
- GRM
- 14.6
- Property Use
- Investment Prop
- Construction Status
- Existing
- Space Available
- No
- Date Available
- 2024-07-01
- CC & R
- No
- CC & R Type
- None
- CC & R Fees
- 12201
Tax Info
- Taxes
- 7766
- Tax Year
- 2023
Status Change Info
- Under Contract Date
- 2024-09-01
- Sold Date
- 2024-09-10
- Sold Price/SqFt
- 119
- Financing
- Cash
Construction
- # of Bays
- 3
- Bay Door Height
- 12'