420 Miller Valley Road, Prescott, AZ 86301
sale
$3,120,000
|
Other
Courtesy Of Arizona Commercial LLC
Compelling investment opportunity featuring a long-standing tenant with a lease in place through March 2029 plus an option period. The +/-13,200 SF building sits on +/-1.6 acres along Miller Valley Road with convenient access to downtown Prescott. Current NOI is $201,000 with heavy escalators through the remaining initial term, increasing to a projected NOI of $218,520 beginning March 2026. As it sits at a 6.44 CAP rate which will increase to 7.00 CAP in March of 2026. Tenant pays Landlords taxes and insurance while maintaining this efficient operation and property.
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Property Features
- Age: Over 50 Years Old
- Amenities: Disabled Access
- Amenities: Security System
- Building Units: 1
- Cooling System: Evaporative Cooling
- Cooling System: Ductless
- Cooling System: Central Air
- Exterior Type: Steel Frame
- Floor Covering: Concrete
- Floors: 2
- Heating System: Natural Gas
- Legal Description: MURPHY'S FIFTH SUB BLOCK 6 REPLAT LOTS 1-6 & PORTION OF LOT 7 PER MAP 2022-0017967. LOT 1R
- MLSID: 1078229
- Parking Spaces: 74
- Roof Type: Metal
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