$4,995,000
Scottsdale, AZ 85259
MLS# 6618886
1 / 7
Property Description
Single Tenant NNN Investment Opportunity located Scottsdale AZ. 100% occupied by Nash Powersports, Arizona's leading dealer (3 locations) for sales and service of select premium brands such as Can-Am BRP, Yamaha, Suzuki, KTM, Kawasaki, Honda, Sea-Doo, Spider and more. Completely remodeled in 2020, this free-standing 14,550 SF building is sited near the corner of Frank Lloyd Wright and Shea Bvld on just over 1.7 acres. Over 6 years remaining on initial Ten year term with Two 5 Year options. 10% base rent increase in Year 6.
Details
Maps
Contract Info
Current Price: $4,995,000
List Price: $4,995,000
Status: Active
List Date: 2023-10-17
Ownership: Fee Simple
Buyer/Broker: Y
Buyer Broker $/%: %
Location, Tax & Legal
House Number: 10781
Compass: N
Street Name: FRANK LLOYD WRIGHT
St Suffix: Boulevard
Unit #: 100
City/Town Code: Scottsdale
State/Province: AZ
Zip Code: 85259
Zip4: 2667
Country: USA
County Code: Maricopa
Legal Description (Abbrev): LOT 1 PLAZA LEYENDA WEST MCR 095025
Subdivision: PLAZA LEYENDA WEST
Assessor's Map #: 32
Assessor's Parcel #: 514
Add'l Parcels: No
Assessor Number: 217-32-514
Census Tract: 216837
Legal: LOT 1 PLAZA LEYENDA WEST MCR 095025
Tax Municipality: Scottsdale
Taxes: 26040
Tax Year: 2022
General Property Description
Ttl Apx SqFt Bldg: 15252
# of Buildings: 1
Year Built: 2001
Uncvrd Parking Spcs: 64
Zoning: C-3
Flood Zone: No
Remarks & Misc
Cross Street: Frank Lloyd Wright/Shea Blvd
Directions: North of Shea Blvd to Saguaro
Geo Lat: 33.583796
Geo Lon: -111.834315
Status Change Info
Status Change Date: 2023-10-17
Legal Info
Township: 3N
Range: 5E
Section: 22
Lot Number: 1
Income & Expenses
Owner Association: Yes
Annual Ownr Asoc Fee: 2500
Gross Annual Sch Inc: 256367
Adjusted Gross Inc: 256367
Net Operating Income: 256367
Pmt & Rate Info
Cap Rate: 51.32
Equity: 499500
Showing Notification Methods
Showing Service: Aligned Showings
Property Features
Building Type: Commercial
Current Use: Service Business; Automobile; See Remarks
Stories: 1 Story
Construction: Block
Roofing: Built-Up; Tile; Foam
Floors: Concrete; Sealed; Ceramic Tile
Ceiling Height: 16.1 Feet to 28 Feet
Heating: Natural Gas
Cooling: Central A/C
Loading Facilities: Grade Level; Drive-in Door(s)
Interior: Finished to Suit; Fire Sprinklers; Smoke Detector(s); Security System; Security Light(s); Security Camera(s); Alarm System; Private Restrooms; Public Restrooms
Exterior: Corner Lot; Dual Street Ftg; Building Sign; Security Camera(s)
Fencing: Block
Amenities: Showroom
Parking: Free; Paved Parking
Electric: APS
Gas: SW Gas
Water: City Franchise
Sewer: Sewer - Public
Showing Notification Methods: Email; Phone Call
Lockbox Type: None
Source of Fincl Data: Provided by Owner; Books Shown
Existing 1st Loan: Treat as Free&Clear
Existing 1st Ln Type: Not Applicable
Existing 1st Ln Trms: Not Applicable
Existing 2nd Loan: Treat as Free&Clear
Existing 2nd Ln Type: Not Applicable
Existing 2nd Ln Trms: Not Applicable
Existing 3rd Loan: Treat as Free&Clear
Existing 3rd Ln Type: Not Applicable
Existing 3rd Ln Trms: Not Applicable
Existing Othr Ln Trm: Not Applicable
Roads/Streets: Asphalt; Dedicated Street; Curb(s) & Gutter(s); Sidewalk(s)
Traffic Count: 5,001 to 15,000
Reports/Disclosures: Seller Prop Disc Stm; ALTA Survey Availbl
Use Restrictions: Currently Leased
Environmental: None
Listing Office: RE/MAX Excalibur
Last Updated: October - 17 - 2023
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