Current Use by Public Records
- Retail properties & Spaces
Property Details for 705 Pike St
- Year built
- 2005
- Lot size
- 1.15 lot acres
- Property type
- Retail properties & Spaces
- Property subtype
- Retail space
Description
This exceptional investment opportunity presents a freestanding, two-tenant retail property situated in Winslow, Arizona. The property boasts a total of 12,314 square feet, currently 100% occupied by Dollar General and Buddy's Home Furnishings, both credit-rated tenants with a corporate guarantee. The lease is a Net Net (NN) structure, providing a predictable income stream. With a remaining lease term of 2.5 years expiring May 30, 2027, this property offers immediate cash flow and long-term potential. The asking price is $1,183,047, representing a compelling $96.07 per square foot and a 9.00% capitalization rate. Built in 2005, the single-story building sits on a 1.15-acre lot. Its prime location across from a Walmart Supercenter ensures high visibility and convenient access for customers. This property is part of a larger portfolio, but can be purchased individually. The property's strong tenant mix, favorable lease terms, and strategic location make it an attractive investment for discerning buyers seeking stable returns in a growing market. The property consists of one building with two units.
Value Estimations
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AI approach
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Winslow
- County
- Navajo
- State
- Arizona
- Longitude
- -110.701
- Latitude
- 35.0408
