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
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