3320 Gateway Boulevard

    Prescott, AZ 86303
    • $2,000,000
    • STATUS: Active Under Contract
    • ON SITE: 171 days
    • ID#: 1010854
    Under Contract
    UPDATED: 9 min ago
    $2,000,000
    • 0
      BEDS
    • 22.72
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 18,317
      SQFT
    • $109
      $/SQFT
    Type:
    Commercial
    Built:
    2004
    County:
    Area:

    School Ratings & Info

    Description

    This property is a fantastic investment opportunity at a 7.5% CAP Rate. Built in 2004 and located in a high profile location along state route 69. 2015 ADOT Traffic Counts were 35,706 cars per day and its highly visible from SR69. This property is currently the home for one of the 259 Cost Plus World Market stores across the nation. It doesn't get any better than a National Tenant in a Long Term Lease with two more 5 year options. Property will be split from its current parcel in escrow.

    Monthly Payment Calculator

    Listing information © 2018 Prescott Area Association of Realtors MLS. IDX information is provided exclusively for consumers' personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed accurate by the MLS or RE/MAX Mountain Properties.
    www.prescottareaproperty.com/homes/82290589

    3320 Gateway Boulevard Prescott, AZ 86303

    • Price: $2,000,000
    • Status: Active Under Contract
    • Updated: 9 min ago
    • ID#: 1010854
    0
    Beds
    0
    Baths
    0
    ½ Baths
    22.72
    Acres
    18,317
    SQFT
    $109
    $/SQFT
    2004
    Built
    County:
    Yavapai
    Area:
    Prescott
    Property Description
    This property is a fantastic investment opportunity at a 7.5% CAP Rate. Built in 2004 and located in a high profile location along state route 69. 2015 ADOT Traffic Counts were 35,706 cars per day and its highly visible from SR69. This property is currently the home for one of the 259 Cost Plus World Market stores across the nation. It doesn't get any better than a National Tenant in a Long Term Lease with two more 5 year options. Property will be split from its current parcel in escrow.
    Exterior Features

    Construction Block/BrickFrame - SteelStucco External Amenities Handicap AccessPaved ParkingLandscaped Lot Size 989683 Parking On-SiteTruck Roof Metal

    Interior Features

    Bathrooms Interior Bathrooms Number 2.00 Cooling Central Air Flooring ConcreteVinyl Heating Natural Gas Internal Amenities Fire/Smoke DetectorBathroomSecurity/Alarm

    Property Features

    Building Type Other - See RemarksRetail - Shopping CenterRetail - Free Stand Buildings 1 Business Location Freestanding BldgOther - See Remarks Business Name Cost Plus World Market CAM 0.00 Cap Percent 7.50 Comm Type Retail Commercial Amenities Truck/Loading DockRoll-Up Door(S) Construction Status Existing GRM - Management Manager NOI 150000.00 Property Use Investment Prop Records Available Other - See Remarks Reo Or Short Sale Not Applicable Road Access And Maintenance PavedMaint-Private Source Of Measurement County Assessor Tax Year 2017 Taxes 0.00 Utilities Installed Individual MeterSecurity SystemWwt - City SewerElectricity220Water - CityTelephoneNatural Gas Vacancy Rate Percent 0.00 Zoning Br

    Listing provided courtesy of Matthew Fish of Sumner Commercial Real Estate, Inc.
    Listing information © 2018 Prescott Area Association of Realtors MLS. IDX information is provided exclusively for consumers' personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed accurate by the MLS or RE/MAX Mountain Properties.
     
    RE/MAX Mountain Properties
    5010 Bear Way
    Prescott AZ, 86301