$3,995,000
2775 S Woodlands Village Boulevard
Flagstaff, AZ 86001
MLS# 181755
11545 sqft


2775 S Woodlands Village Boulevard, Flagstaff, AZ 86001
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2775 S Woodlands Village Boulevard, Flagstaff, AZ 86001 2775 S Woodlands Village Boulevard, Flagstaff, AZ 86001 2775 S Woodlands Village Boulevard, Flagstaff, AZ 86001 2775 S Woodlands Village Boulevard, Flagstaff, AZ 86001 2775 S Woodlands Village Boulevard, Flagstaff, AZ 86001 2775 S Woodlands Village Boulevard, Flagstaff, AZ 86001 2775 S Woodlands Village Boulevard, Flagstaff, AZ 86001

Property 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.

Details
Maps
Contract Info
List Price: $3,995,000
Current Price: $3,995,000
List Price/SqFt: 346.03
Property Sub-Type: Retail Building
List Date: 2020-06-01
Location, Tax & Legal
County: Coconino
Region: 20 - South West City
Area: 299 - Other SouthWest City
APN: 112-29-007
Street #: 2775
Direction: S
Street Name: Woodlands Village
Suffix: Boulevard
City/Town Code: Flagstaff
State/Province: AZ
Zip Code: 86001
Cross Street: S Beulah Blvd
Legal Description: WOODLANDS VILLAGE UNIT 03 Lot: 35 Sixteenth: SW Quarter: NW Section: 28 Township: 21N Range: 07E
Zoned: Commercial
Taxes: 25527.92
Tax Year: 2019
Geo Lat: 35.173994
Geo Lon: -111.664828
Key Words
Sale/Rent: Sale
Net Op Inc: CLO
Cap Rate: CLO
Down Payment: Submit
Imprv Sz (Gross SF): 5,000 - 11,999
#Tenants/Units: 1 - 4
Land Size: 1 - 4.9 AC
Trade/Exchange: Not Applicable
General Property Description
Acres: 1.35
Year Built: 1995
Approx SqFt: 11545
Remarks & Misc
Directions: Corner of S Woodlands Village Blvd and Beulah Blvd
Status Change Info
Status: Active
Property Features
To Show: CLO/KILO
Leases: 1 Yr. +
Occupancy: Totally Leased
Construction: One Story
Location: Freestanding
Freeway Turn Time: 1-4 Min
Possession: COE +
Supplements
--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

Listing Office: da Vinci Realty

Last Updated: October - 21 - 2020

2775 S Woodlands Village Boulevard, Flagstaff, AZ 86001 - MLS# 181755

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Sunday 25th of October 2020 09:48 PM