7890 E State Route 69, Prescott Valley, AZ 86314

$1,650,000
Property Type: Commercial/Indstrial Baths: 2 Square Footage: 5,246 Lot Size (sq. ft.): 11,326 Status: Active
Current Price: $1,650,000 List Date: 4/05/2025 Last Modified: 4/23/2025

Description

This PRIME INVESTMENT OPPORTUNITY has a clean 7.2% cap rate with 2% annual increases, making it an excellent choice for a hands-off owner or 1031 exchange. This is a rare opportunity to own a fully leased, income-generating property in a high-visibility location on State Route 69 in Prescott Valley with 30 ft of frontage with stable, long-term tenancy. The property is secured by a NNN lease with zero landlord responsibilities, and the master lease is held by a major corporation with excellent credit. The lease extends through 12/31/2032. Currently home to Mike's Transmission, a successful automotive repair business. The building was built in 1985 and spans 5,246 sq ft. It has 6 active bays, 2 exterior loading docks, 2 car lifts, a reception area, a private office, and 2 bathrooms.

Supplements: Additional upper-level storage provides extra functionality for business operations. On a 0.32-acre lot with C2-3 zoning, the zoning allows for a variety of commercial uses while maintaining compatibility with surrounding businesses. The seller is completing a 1031 exchange, seller carryback financing is not available. This is a rare opportunity to own a fully leased, income-generating property in a high-visibility location with stable, long-term tenancy.

More Information MLS# 1072072

ContractAddressLegal

Original List Price: 1650000 Listing Date: 2025-04-04 Status: Active Listing Price: 1650000 Street #: 7890 Direction: E Street Name: State Route 69 City/Township: Prescott Valley State: AZ Zip Code: 86314 Subdivision: None County: Yavapai Tax Parcel: 103-02-741b

General Property Description

Aprx Acres: 0.26 Buildings: 1 Total Liveable SqFt: 5246 Source of Measuremnt: County Assessor Stories: 1 Floor: 1 Parking Spaces: 15 Year Built: 1985 NOI $: 11830860 Cap %: 7.2 Baths - Full: 1 Property Use: Investment Prop Construction Status: Existing Space Available: No Total Bathrooms: 2

Tax Info

Taxes: 4808 Tax Year: 2024

Construction

# of Bays: 6

Property Features

Bathrooms: Staff Building Type: Auto Business Location: Commercial Strip; Freestanding Bldg Commercial Amenities: Roll-Up Door(s) Construction: Frame - Steel; Frame - Wood Cooling: Central Air External Amenities: Paved Parking Flooring: Concrete Heating: Heat Pump Internal Amenities: Bathroom Parking: On-Site Records Available: Phase I Road Responsibility: City Maintained Road; Paved; Recorded Easement Roof: Metal; Rolled/Hot Mop; Other - See Remarks Utilities Installed: 220; Electricity; Water - City; WWT - City Sewer
Listing Office: eXp Realty
Last Updated: April - 23 - 2025
The data relating to real estate for sale on this site comes from the Broker Reciprocity/IDX of Prescott Area Association of REALTORS. Information provided is thought to be reliable but is not guaranteed to be accurate. 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.Real estate listings held by brokerage firms other than the website owner, are indicated by detailed information about them such as the name of the listing firms. Copyright© 2020 Prescott Area Association of REALTORS. All rights reserved.