Empire-Cat Building Full NNN Lease for Sale | 200 W Ash St
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Empire-Cat Building Full NNN Lease for Sale 200 W Ash St
13,736 SF 100% Leased Retail Building Globe, AZ 85501 $2,600,000 ($189/SF) 3.05% Cap Rate
Investment Highlights
- Empire Machinery is a National, high value tenant. Lease term until 2027 with a 5 year option to extend. Full Triple Net Lease.
Executive Summary
Building total is 13,736 square feet. Empire machinery is a National high value tenant leasing the entire property. Full triple net lease. Empire has been a long term tenant since 2014 with 5 years remaining on their lease (expires 2027) and one 5 year option. 3% annual rental increases. Cap rate of 5.01%. Building is at a prime location in the center of Globe with highway 60 frontage and a billboard on site.
Financial Summary (Actual - 2022) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
-
|
-
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
-
|
-
|
| Net Operating Income |
$79,366
|
$5.78
|
Financial Summary (Actual - 2022)
| Gross Rental Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Net Operating Income | |
|---|---|
| Annual | $79,366 |
| Annual Per SF | $5.78 |
Property Facts
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Building Size
13,736 SF
Building Class
C
Year Built/Renovated
1963/2000
Price
$2,600,000
Price Per SF
$189
Cap Rate
3.05%
NOI
$79,366
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.23
Lot Size
1.40 AC
Opportunity Zone
Yes
Zoning
C-3 - Commercial Retail Office
Frontage
256 FT on Hwy 60
Amenities
- Signage
MAJOR TENANTS
- Tenant
- Industry
- SF OCCUPIED
- RENT/SF
- Lease Type
- Lease End
- Empire Machinery
- Wholesaler
- 13,736 SF
- $5.78
- Triple Net
- Jun 2027
| Tenant | Industry | SF OCCUPIED | RENT/SF | Lease Type | Lease End | |
| Empire Machinery | Wholesaler | 13,736 SF | $5.78 | Triple Net | Jun 2027 |
Nearby Major Retailers
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $47,451 (2024) | |
| Land Assessment | $4,828 (2024) | Total Assessment | $52,279 (2024) |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$4,828 (2024)
Improvements Assessment
$47,451 (2024)
Total Assessment
$52,279 (2024)
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Presented by
Clint Nichols
Empire-Cat Building Full NNN Lease for Sale | 200 W Ash St
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