248 Justin Drive Cottonwood, AZ 86326
The building is Leased by Wild Tonic® an iconic beverage company. With over 20 different products and recognition from Forbes, Food Network, POPSUGAR, USA TODAY 10 bests, and many others, this is an opportunity you won't want to miss. Wild Tonic® products are proudly displayed on the shelves of many grocers including Sprouts, Natural Grocers, and AJS Fine Foods. The Tenant is just about to complete the first year of its current five-year lease term. With three more five-year options to go. Lease agreement is a solid NNN Lease with annual escalators each calendar year. With an NOI of $202, 917.50 during the first year of acquiring the asset this is a solid 6.0% CAP RATE. With a personal guarantee in the Lease its hard to find a better property for a 1031 exchange Mail box money this is it!
- Property TypeCommercial
- NeighborhoodMingus Ind Pk
- CountyYavapai
- Taxes$7,766
- HOA/Condo/Coop Fees$0
- Days on Site9 Days
- MLS StatusActive
- MLS ID Number536351
- Home Size Source Assessor
- Year Built1999
- Lot Size0.74 Acres
- Full BathsN/A
- Partial BathsN/A
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General Features
- Parking 10 - 19 Cars
- Acreage 0.74
- Security Fire/ Smoke AlarmFire Sprinklers
- Property Sub Type Industrial
- Zoning I-2
Interior Features
- Cooling Evaporative CoolingCentral Air
- Heating ElectricSee Remarks
- Flooring Concrete
Exterior Features
- Exterior Fenced Backyard
- Road Frontage City Street
Community Features
- MLS Area 10 - Cottonwood
- Security Features Fire/ Smoke AlarmFire Sprinklers