Listed by Marcus & Millichap - Phoenix
$6,450,000
Cedic Plaza
Details
Property Type Retail
Sub Type Shopping Center, Storefront
Square Footage 3,229
Units 3
Cap Rate 6.12%
NOI $394,518
Occupancy 100%
Lease Type NNN
Pro-Forma Cap Rate 6.12%
Pro-Forma NOI $394,518
Price per SqFt $1,998
Year Built 2014
Acreage 0.290
Ground Lease No
Retail | 5.54% CAP | 3,229 SqFt
Marketing description
Investment highlights
Exceptionally High Foot Traffic: Averaging around 8,200 visitors per day with peak days of 20,000-40,000 visitors
Tourism Center: Average overnight visitor spends $714 per day. Sedona generates over $1 billion annually in tourism-related economic activity
Newest Retail Construction on the Strip: Built in 2014
Exceptional Barriers to Entry: Severe land constraints and extremely challenging entitlement and permitting process
Seasoned Tenants: Each tenant operates multiple locations
100% Occupied: All 3 tenants are under NNN leases
Listing Contacts
Listed by Marcus & Millichap - Phoenix
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$394,518.00
$32,876.50/mo
Valuation Metrics
0
DSCR
6.12%
Cap Rate
6.12%
ROI
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