Active

248 Justin Drive

Cottonwood AZ, 86326

$3,381,958


$191.67 per sqft

Active

17,645 sqft

Commercial

Built in 1999

The building is Leased by Wild Tonic(r) an iconic beverage company. With over 20 different products and recognition from Forbes, Food Network, POPSUGAR, USA TODAY 10 bests, and many others, this is an opportunity you won't want to miss. Wild Tonic(r) products are proudly displayed on the shelves of many grocers including Sprouts, Natural Grocers, and AJS Fine Foods. The Tenant is just about to complete the first year of its current five-year lease term. With three more five-year options to go. Lease agreement is a solid NNN Lease with annual escalators each calendar year. With an NOI of $202,917.50 during the first year of acquiring the asset this is a solid 6.0% CAP RATE. With a personal guarantee in the Lease its hard to find a better property for a 1031 exchange Mail box money this is it!

536351

MLS ID

June 9, 2024

Listed

July 13, 2024

Updated

Map

248 Justin Drive
Cottonwood AZ, 86326

Interior Features

Floor Description

Concrete


Fireplace

No


Cooling

Yes


Cooling Description

Evaporative Cooling, Central Air


Heating

Yes


Heating Description

Electric, See Remarks

Exterior/Building Features

Lot Size

0.74 Acres


Exterior Features

Fenced Backyard

Other Property Details

Area Name

10 - Cottonwood


Taxes

$7,766


Tax Frequency

Annually


Garage

No


Parking

10 - 19 Cars


View

No


County

Yavapai


Pool

No


Zoning

I-2

Courtesy of Prescott Commercial Real Estate, Matt Fish

Listing Contact:  

All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) nor Bob Bruno and Nikki Ramagli shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless.

©2024 Sedona Verde Valley Association of REALTORS. All rights reserved.

Data last updated 10:12 AM UTC, 7/13/2024

Powered byLuxury Presence