901 Rte 66 Williams, AZ 86046-2229

Property Details for 901 Rte 66

Year built

2002

Lot size

0.54 lot acres

Property size

7,862 SF

Property type

Commercial real estate

APN

202-22-004C

APU

20222004C

Description

This 8,050-square-foot Family Dollar store in Williams, Arizona, presents a compelling net lease investment opportunity. Located at 901 W Rte 66, this fee-simple property boasts a strong tenant with a corporate guarantee and a credit rating, ensuring financial stability. The lease, commencing July 14, 2002, and expiring December 31, 2027, offers a remaining term of approximately 3.1 years, with a one-to-five-year option at a 10% rent increase. The property features 26 parking spaces and sits on a 0.56-acre lot. The building, constructed in 2002, enjoys 100% occupancy and generates a net operating income (NOI) of $84,984, resulting in a 7.50% cap rate. The asking price is $1,133,120. The property benefits from its location in Williams, a gateway to Grand Canyon National Park, with proximity to the Grand Canyon Railway and Bearizona Wildlife Park, attracting significant tourism. The surrounding area demonstrates strong demographics, with average household incomes exceeding $80,000 within a seven-mile radius. The tenant is required to report store sales annually. Landlord responsibilities are limited to structural components, roof, parking, service, and access areas; tenant responsibilities include HVAC maintenance, parking lot restripes, snow removal, and trash disposal. The property's APN is 202-22-004-C. This is an exceptional opportunity to acquire a stable, income-producing asset in a high-traffic location with significant growth potential.

Location Insight

City

Williams

County

Coconino

State

Arizona

Longitude

-112.197

Latitude

35.2479

CBSA code

22380

CBSA name

FLAGSTAFF, AZ METROPOLITAN STATISTICAL AREA

Property Tax & Assessments