Current Use by Public Records
- Retail properties & Spaces
Property Details for 2112 Az-95
- Year built
- 1979
- Lot size
- 0.32 lot acres
- Property type
- Retail properties & Spaces
- Property subtype
- Retail space
Description
This fee-simple investment property in Bullhead City, Arizona, offers a secure, long-term opportunity. The 4,348 square foot Sherwin-Williams storefront is under a new 10-year Net-Net-Net (NNN) lease commencing November 1, 2024, with five 5-year options. The lease includes 10% rental increases every five years and at the start of each option period, ensuring consistent NOI growth. The property boasts excellent visibility on AZ-95, a major retail thoroughfare, with over 55,000 vehicles passing daily. Located near a signalized intersection and prominent shopping centers, including City Square and Riverview Mall, this property benefits from strong tenant synergy and a dense population with high average household income. Recent improvements include roof repairs and new insulation (2024). The 0.32-acre lot includes 10 parking spaces. The building, constructed in 1979, is zoned commercial and has a current NOI of $75,000, representing a 6.00% cap rate on the $1,250,000 asking price. This low-management investment is ideal for passive investors seeking stable returns and long-term growth potential. The property's location within a thriving retail corridor, alongside national tenants like Lowe's, Safeway, and Tractor Supply, further enhances its value and appeal.
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
- Bullhead City
- County
- Mohave
- State
- Arizona
- Longitude
- -114.597
- Latitude
- 35.1119
