Nash Powersports Dealership | 10781 N Frank Lloyd Wright Blvd
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Nash Powersports Dealership 10781 N Frank Lloyd Wright Blvd
14,550 SF Retail Building Scottsdale, AZ 85259 $4,700,000 ($323/SF) 6% Cap Rate
Investment Highlights
- SINGLE TENANT NNN INVESTOR OPPORTUNITY
- RARE C-3 HIGHWAY COMMERCIAL ZONING
- 14,550 SF FREE-STANDING CLASS B CONSTRUCTION
- PRIME NORTH CENTRAL SCOTTSDALE LOCATION
- 1.7 ACRE CORNER LOT -FEE SIMPLE INTEREST
- COMPLETELY REMODELED IN 2020 100% OCCUPIED BY MULTI-UNIT POWERSPORTS DEALER
Executive Summary
Remax Excalibur Commercial, on behalf of the Owner, is pleased to offer this 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 5 years remaining on initial Ten year term with Two 5 Year options. 10% base rent increase in Year 6.
Data Room Click Here to Access
- Offering Memorandum
Financial Summary (Actual - 2024) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$282,000
|
$19.38
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$282,000
|
$19.38
|
| Net Operating Income |
-
|
-
|
Financial Summary (Actual - 2024)
| Gross Rental Income | |
|---|---|
| Annual | $282,000 |
| Annual Per SF | $19.38 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $282,000 |
| Annual Per SF | $19.38 |
| Net Operating Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Freestanding
Building Size
14,550 SF
Building Class
B
Year Built/Renovated
1999/2019
Price
$4,700,000
Price Per SF
$323
Cap Rate
6%
NOI
$282,000
Tenancy
Single
Building Height
1 Story
Building FAR
0.20
Land Acres
1.71 AC
Zoning
C-3, Scottsdale - C-3 City of Scottsdale
Parking
68 Spaces (4.67 Spaces per 1,000 SF Leased)
Frontage
265 FT on Frank Lloyd Wright
Amenities
- Corner Lot
- Security System
- Signage
- Air Conditioning
MAJOR TENANTS
- Tenant
- Industry
- SF OCCUPIED
- RENT/SF
- Lease Type
- Lease End
- Nash Powersport
- Retailer
- 14,550 SF
- $17.62
- Triple Net
- Nov 2029
| Tenant | Industry | SF OCCUPIED | RENT/SF | Lease Type | Lease End | |
| Nash Powersport | Retailer | 14,550 SF | $17.62 | Triple Net | Nov 2029 |
PROPERTY TAXES
| Parcel Number | 217-32-514 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $368,526 |
PROPERTY TAXES
Parcel Number
217-32-514
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$368,526
-
Doug daCosta -
RE/MAX Excalibur
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Nash Powersports Dealership | 10781 N Frank Lloyd Wright Blvd
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