2775 Woodlands Village Boulevard $3,995,000

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    2775 Woodlands Village Boulevard Flagstaff, AZ 86001

    • 1.35 Acres
    • Commercial
    • MLS# 181755
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    Views: 72 Days On Site: 230

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    Property Details

    Single User National Tenant investment property located at hard corner off Interstate 17 & Interstate 40 in Flagstaff, AZ. Property is located across the street from Walmart and walking distance to Northern Arizona University and Milton Road (main thoroughfare through town). The original tenant, Big 5, has occupied the property since 1995 and has over 7 years remaining on the current lease with option to extend. This Big 5 location is one of the highest volume stores in Arizona. --NN lease (landlord responsible only for roof and structure) --Leased through 1/31/28 (7+ years) --Annual rent is $220,380 until 1/31/22 --Annual rent after 1/31/22 is $246,828 for next 5 years *Seller will credit at sale rent spread between the current $220,380 and pending $246,828 to support a continuous income stream of $246,828 (6.2% cap rate) --57 parking spots --Essential needs store

    • General Features
      • APN 112-29-007
      • Area 299 - Other SouthWest City
      • Cap Rate CLO
      • County Coconino
      • Cross Street S Beulah Blvd
      • Cumulative DOM 158
      • Directions Corner of S Woodlands Village Blvd and Beulah Blvd
      • Freeway Turn Time 1-4 Min
      • Leases 1 Yr. +
      • Location Free-standing
      • Net Op Inc CLO
      • Property Sub Type Retail Building
      • Region 20 - South West City
      • Sale Rent Sale
      • Tax Year 2019
      • Taxes 25527.92
      • Trade Exchange Not Applicable
      • Year Built 1995
    • Building Features
      • Construction One Story
      • Gross SqFt 11545.00
      • Imprv Sz Gross SF 5,000 - 11,999
    • Property Features
      • Acres 1.35
      • Land Size 1 - 4.9 AC
      • Zoned Commercial

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    Neighborhood

    86001 (Flagstaff) Demographics

    28 Median Age
    49 Population Density (per sq. mile)
    60% College Educated
    $50,675 Estimated Median Income
    8,011 Estimated Total Home Owners
    8,948 Estimated Total Renters
    47% / 53% Estimated Owner / Renter Divide
    2 Estimated Average Household Size
    43,511 Total Population
    Community data courtesy of LiveBy, Inc.

    Market Last 30 Days In This Postal Code

    $502,000 Median Sales Price
    41 Homes Sold
    17 New On Market

    Average Days on Site

      Properties for Sale

        Calculations provided by Reliance Network

        Property History

        Date Event Price Percent Change
        -- Current Price Source New Value: $3,995,000
        6/9/2020 7:55:00 AM New in Database Source New Value: $3,995,000

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        **Assumes 3.5% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information.

        About

        Matt Rivera

        Matt Rivera Regional Mortgage Manager

        Matt Rivera – Regional Mortgage Manager, Long Mortgage

        Matt Rivera has more than 18 years of experience in the lending industry. He has experience in a wide variety of positions vital to the originating, funding and eventual sale of residential mortgages.  Matt currently manages a team of Mortgage Consultants, Processors and Closer in multiple states. Matt is a native Tucsonan and a graduate of the University of Arizona’s Eller College of Management with a major in Finance.  

        Information is provided in part by the IDX program of the Northern Arizona Association of REALTORS® MLS. All information provided is deemed reliable but is not guaranteed and should be independently verified.

        Note: All room dimensions, including square footage data, are approximate and must be verified by the buyer. The information contained herein is furnished by the owner to the best of his/her knowledge but is subject to verification by the purchaser, and agent assumes no responsibility for the correctness thereof. The sale offering is made subject to errors, omissions, change of price, prior sale, or withdrawal without notice. In accordance with the Law, this property is offered without respect to race, color, creed, national origin, sex, familial status or disability. This is not intended to solicit property currently listed.