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29577155
29577181

760-778 West Wickenburg Way, Wickenburg, AZ 85390

LG
AZ BR1114848000, AZ BR114848000
Gerchick Real Estate
Listed by Gerchick Real Estate
$2,395,000
126 days on market
Updated 8 days ago
Opportunity zone

Sellercarry 5% Opp Zone Mixed-Use | NNN Nat.Tenant | MF+Land

Details
APN 505-33-005,505-33-006,505-33-013
Property Type Land, Mixed Use (+2)
Sub Type Traditional Office, Commercial (+1)
Square Footage 6,182
Net Rentable (SqFt) 6,182
Units 7
Cap Rate 6.14%
NOI $147,041
Occupancy 100%
Tenancy Multi
Lease Type NNN
Lease Term 5
Lease Expiration 11/30/2028
Remaining Term 2.5
Rent Bumps Yes
Lease Options 2 -Five Year
Price per SqFt $387
Broker Co-Op Yes
Class B
Year Built 1947-1985
Year Renovated 2020
Buildings 3
Stories 2
Lot Size (SqFt) 40,076
Zoning C3/CG
Investment Type Stabilized
Tenant Credit Corporate Guarantee
Lease Commencement 12/01/2023
Ownership Fee Simple

Located Near Major Employment Expansion, Including the TSMC Semiconductor Corridor

Marketing description

This mixed-use property located in a C3/CG zoning district is situated within an opportunity zone, making it a desirable investment opportunity.

The property features six one-bedroom apartments and a vacant lot that can be developed. The front commercial building was previously utilized as a recording studio and is partially soundproofed with upgraded IT wiring. The building also includes a spacious conference area. The rear building contains private offices, a sizable conference room, and a formal reception area.

The exterior of the property has a charming Santa Fe architectural design and includes courtyards in the rear, which provide a peaceful and attractive sitting area.

Overall, this property presents a unique opportunity for investors looking to capitalize on the benefits of an opportunity zone while owning a mixed-use property with diverse income streams.

Welcome to a prime investment opportunity in the heart of Wickenburg, Arizona. This exceptional mixed-use property, currently leased to a National Tenant with a 5-year lease and yearly rent increases, offers an enticing prospect for savvy investors. With its attractive features and strategic location within an opportunity zone, this property is a must-consider for your investment portfolio.

**Leased to National Tenant for 5 Years**
- Yearly Rent Increase
- Pure NNN Lease
** Currently the 6 -one bedroom apartments have 5 tenants and the last unit is up for current leasing.
**Property Highlights:**

**1. Strategic Location:** This property is strategically situated in a coveted C3/CG zoning district, offering significant potential for tax benefits and incentives for investors. Being in an opportunity zone provides a unique advantage that smart investors can capitalize on.

**2. Charming Architecture:** The exterior of the property boasts a captivating Santa Fe architectural design, making it visually appealing and distinctive. This architectural touch sets it apart from the ordinary and adds to its overall charm.

**3. Serene Courtyards:** Enjoy the tranquil courtyards located at the rear of the property. These well-maintained courtyards provide an inviting and peaceful sitting area, making it an attractive feature for tenants and customers alike.

**Investment Opportunity:**

This mixed-use property is a golden opportunity for investors seeking diversity in income streams. It combines residential apartments with flexible commercial spaces, making it a truly unique offering in the market. With a National Tenant in place and a pure NNN lease, you can enjoy a hassle-free investment experience with steady income and yearly rent increases.

Don't miss out on the chance to own this promising property in Wickenburg's thriving location. Act now to explore the possibilities it has to offer. Whether you're looking for a stable income source or a strategic addition to your investment portfolio, this property ticks all the boxes.

Invest in success. Invest in 760-778 W Wickenburg Way. Contact us today to learn more and secure your valuable asset in this growing opportunity zone.

Buyer to verify all facts and figures.

Location-Wickenburg is GROWING!
Wickenburg, Arizona is a small town located in Maricopa County, known for its western history and beautiful desert landscapes. The town has a rich history of cowboys, cattle ranches, and gold mining, which is evident in its numerous museums and historic sites. Visitors can enjoy hiking and exploring the desert terrain, or take a guided horseback ride through the Sonoran Desert. The town’s year-round sunny weather makes it an ideal location for outdoor enthusiasts.

Despite its charming atmosphere, Wickenburg is not immune to the nationwide problem of substance abuse. The town has several substance abuse rehab centers that provide various levels of care to individuals struggling with addiction. The centers offer a range of services, including detoxification, individual and group counseling, and aftercare support to help patients maintain their sobriety. The facilities provide a safe and supportive environment where patients can focus on their recovery and build a foundation for a healthier lifestyle.

One of the substance abuse rehab centers in Wickenburg is The River Source. This facility offers a holistic approach to addiction treatment, incorporating traditional and alternative therapies to promote physical, emotional, and spiritual healing. The program includes medical detoxification, individual and group counseling, and aftercare support to help patients maintain their sobriety after leaving the facility. The River Source also provides specialized care for patients with co-occurring mental health disorders.

Another rehab center in Wickenburg is The Meadows. This facility specializes in treating addiction and trauma-related disorders, such as PTSD and complex trauma. The program includes individual and group counseling, equine therapy, and experiential therapies to help patients address underlying issues that contribute to their addiction. The Meadows also offers a family program to help loved ones understand and support their family member’s recovery process.

Wickenburg’s substance abuse rehab centers play an essential role in the community by providing life-saving services to individuals struggling with addiction. The facilities not only help patients overcome their addiction but also provide them with the tools and support they need to build a healthy, fulfilling life in recovery. By addressing addiction at the individual level, rehab centers help to reduce the impact of substance abuse on families, communities, and society as a whole.

In addition to its rehab centers, Wickenburg also has a strong recovery community that provides support and resources to individuals in recovery. The community offers 12-step meetings, sober living homes, and other resources to help individuals maintain their sobriety and build a network of support. The recovery community in Wickenburg reflects the town’s values of community and resilience, providing hope and encouragement to those struggling with addiction.

Overall, Wickenburg, Arizona, offers a unique blend of history, natural beauty, and recovery resources. Its substance abuse rehab centers are an essential component of the town’s healthcare system, providing critical services to individuals struggling with addiction. Through its commitment to recovery, Wickenburg serves as a beacon of hope for individuals and families affected by addiction.

Investment highlights

Top 10 Reasons Investors Should Look at 760-778 W Wickenburg Way

1. Seller Will Carry Financing at 5% Interest

Below current market rates, creating stronger cash flow and reducing financing costs for investors.

2. 25-Year Amortization with 5-Year Term

Structured to maximize monthly cash flow while providing flexibility for future refinancing or disposition.

3. Located in an Opportunity Zone

Potential tax advantages and long-term appreciation benefits in a designated Opportunity Zone.

4. National Tenant on a 5-Year Pure NNN Lease

Provides stable income with minimal landlord responsibilities and annual rent increases.

5. Multiple Income Streams

Combines commercial rental income with six residential apartment units for diversification and stability.

6. Six One-Bedroom Apartments

Five units are currently occupied, with one vacant unit available for lease-up and additional income growth.

7. Vacant Land Included for Future Development

Additional parcel offers expansion, redevelopment, or value-add opportunities.

8. Flexible C3/CG Zoning

Allows a wide range of commercial uses, increasing future leasing and development possibilities.

9. Unique Santa Fe Architecture and Courtyards

Distinctive design creates curb appeal and an attractive environment for tenants and visitors.

10. Strong Combination of Cash Flow, Appreciation, and Upside

Rare opportunity to acquire a mixed-use asset with seller financing, NNN income, residential units, development potential, and Opportunity Zone benefits all in one investment.

Investor Summary

Seller Financing at 5% + Opportunity Zone + National Tenant + Apartments + Development Land = A Unique Investment Opportunity Designed to Generate Cash Flow in Today's Higher Interest Rate Environment.

Listing Contacts

LG
AZ BR1114848000, AZ BR114848000
Gerchick Real Estate
Listed by Gerchick Real Estate

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Loan Amount
$0.00
Annual Debt Service
$--
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Annual Cash Flow
$147,041.00
$12,253.42/mo

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DSCR
6.14%
Cap Rate
6.14%
ROI

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Additional Information

Name
Linda Gerchick, CCIM
License
BR1114848000
Brokerage
Gerchick Real Estate
Brokerage Phone
602-688-9279
Title
Designated Broker
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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