$5,777,862
Cottonwood, AZ 86326
MLS# 6692613
1 / 17
Property Description
Ford Dealership leased to Jones Ford selling at a high cap rate. The Dealership was built by Steve Coury and leased to Jones Ford on June 30, 2015. The lease rate is $25,000 a month and has not changed since the inception of the lease. In addition to the lease reserve there is a sales tax rebate in a development agreement that is equal to 1/2 of the city sales collected by the town of Camp Verde. The dealership has 28,490 sq ft of building and is located on 242,490 sq ft of land. The property was Ford approved and was designed to meet Ford Dealership standards in 2006. The building includes a spacious showroom, offices, service center, parts department, waiting rooms restrooms. The lease with Jones renews in June of 2029. All facts and figures to be verified by buyers.
Details
Maps
Contract Info
Current Price: $5,777,862
List Price: $5,777,862
Status: Active
List Date: 2024-04-16
Ownership: Fee Simple
Buyer/Broker: Y
Buyer Broker $/%: %
Location, Tax & Legal
House Number: 5980
Compass: E
Street Name: Coury
St Suffix: Drive
City/Town Code: Cottonwood
State/Province: AZ
Zip Code: 86326
Country: USA
County Code: Yavapai
Subdivision: none
Assessor's Map #: 9
Assessor's Parcel #: 43
Assessor Parcel Ltr: E
Add'l Parcels: No
Assessor Number: 407-09-043-E
Legal: An Irregular Balance of the Portion of the NE4SE4 adjacent to Southwesterly right of way State Route 260
Tax Municipality: Apache - COUNTY
Taxes: 34551
Tax Year: 2023
General Property Description
Ttl Apx SqFt Bldg: 28468
# of Buildings: 1
Year Built: 2007
Zoning: C3-2A
Remarks & Misc
Directions: From the Junction of Interstate 17 and AZ State Route 260, travel west on 260 for 7.3 miles. Jones Ford Auto Dealership is on the left.
Geo Lat: 34.651678
Geo Lon: -111.958915
Status Change Info
Status Change Date: 2024-04-16
Legal Info
Township: 31
Range: 15
Section: 4E
Income & Expenses
Owner Association: No
Operating Exp: 34551
Gross Annual Sch Inc: 25000
Adjusted Gross Inc: 25000
Net Operating Income: 478658
Pmt & Rate Info
Cap Rate: 8.28
Equity: 5777862
Showing Notification Methods
Showing Service: No Showing Service Used
Property Features
Building Type: Commercial
Current Use: Automobile; Retail
Stories: 1 Story
Construction: Block; Metal
Roofing: Rolled
Floors: Vinyl; Ceramic Tile; Carpet
Ceiling Height: 12.1 Feet to 14 Feet; 16.1 Feet to 28 Feet
Heating: Heat Pump
Cooling: Central A/C
Loading Facilities: Drive-in Door(s)
Interior: Finished; Smoke Detector(s); Phone System; Private Restrooms; Public Restrooms
Exterior: Corner Lot; Building Sign; Monument Sign; Security Light(s)
Fencing: Other
Amenities: Conference Room; Reception Room; Showroom; Kitchen; Computer Room; Display Window(s)
Parking: Free; Public Parking; Paved Parking
Electric: APS; 220; 440
Gas: None
Water: City Franchise
Sewer: Septic Tank
New Financing: Cash Only; Cash to Loan; 1031 Exchange
Showing Notification Methods: Text
Lockbox Type: None
Source of Fincl Data: Provided by Owner
Roads/Streets: Asphalt
Traffic Count: Not Available
Reports/Disclosures: None; Other (See Remarks)
Environmental: None
Listing Office: Berkshire Hathaway HomeServices Arizona Properties
Last Updated: April - 17 - 2024
The listing broker's offer of compensation is made only to participants of the MLS where the listing is filed.
Copyright 2024 Arizona Regional Multiple Listing Service, Inc. All rights reserved. Information Not Guaranteed and Must Be Confirmed by End User. Site contains live data.