Listed by RE/MAX Excalibur
$4,600,000
Nash Powersports
Details
APN 217-32-514
Property Type Retail
Sub Type Storefront
Square Footage 14,550
Net Rentable (SqFt) 14,550
Cap Rate 6.13%
NOI $282,000
Occupancy 100%
Tenancy Single
Lease Type NNN
Lease Term 10
Lease Expiration 02/24/2030
Remaining Term 3.7
Rent Bumps Yes
Lease Options Two(2) Five (5) Years options with increases to base rent equal to the greater of CPI or 15% of base rent
Price per SqFt $316
Class B
Year Built 2001
Year Renovated 2020
Buildings 1
Stories 1
Acreage 1.710
Zoning C-3
Parking Spaces 68 spaces
Parking Per SqFt 4.67
Investment Type Net Lease
Lease Commencement 02/24/2020
Occupancy Date 02/01/2020
Ground Lease No
Ownership Fee Simple
Nash Powersports
Marketing description
Nash Powersports Dealership | Premier NNN Investment
10781 N Frank Lloyd Wright Blvd, Scottsdale, AZ 85259
Remax Excalibur Commercial is proud to exclusively present a premier single-tenant NNN investment opportunity in the heart of North Central Scottsdale. This trophy asset features a 14,550 SF free-standing building, completely remodeled in 2020, situated on a high-visibility 1.71-acre corner lot at the intersection of Frank Lloyd Wright Blvd and Shea Blvd.
Investment Highlights
- Stable Passive Income: 100% occupied by Nash Powersports, Arizona’s leading multi-unit dealer for premium brands including Can-Am, Sea-Doo, Yamaha, and Suzuki.
- Strong Lease Fundamentals: NNN structure with 4 years remaining on the original 10-year term, featuring 15% rent escalations every five years and two (2) five-year renewal options.
- Rare Scottsdale Entitlements: Zoned C-3 Highway Commercial, a rare and highly-coveted designation in Scottsdale that supports high-intensity retail and automotive uses, providing significant long-term underlying land value.
- Strategic Real Estate: Fee Simple ownership of a prime corner lot with exceptional visibility and access. The property benefits from the affluent demographics of the Shea corridor, where household incomes frequently exceed $140,000.
- Turnkey Asset: The Class B construction was fully updated in 2020, offering a modern showroom and service environment that requires minimal near-term capital expenditures.
Investment highlights
SINGLE TENANT NNN INVESTOR OPPORTUNITY
PRIME NORTH CENTRAL SCOTTSDALE LOCATION
FEE SIMPLE OWNERSHIP INTEREST
14,550 SF FREE-STANDING CLASS B CONSTRUCTION
COMPLETELY REMODELED IN 2020
1.7 ACRE CORNER LOT ZONED C-3 HIGHWAY COMMERCIAL
100% OCCUPIED BY MULTI-UNIT POWERSPORTS DEALER
Listing Contacts
Listed by RE/MAX Excalibur
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$282,000.00
$23,500.00/mo
Valuation Metrics
0
DSCR
6.13%
Cap Rate
6.13%
ROI
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