Current Use by Public Records
- Isalis / (Bike/Boat/Book/etc) Store
- Party City / Party Supply Store / (Bike/Boat/Book/etc) Store
- Skunk Funk / Big Box & Wholesale Store
- Carl's Trading Co / Hat Shop
- Bushka's Kitchen LLC / (Bike/Boat/Book/etc) Store
Property Details for 2106 Az-95
- Property type
- Retail properties & Spaces
- Property subtype
- Auto shops
Description
This exceptional investment opportunity presents a fully leased, 4,000 square foot boat dealership situated on two adjacent lots totaling 4,000 square feet in Bullhead City, Arizona. Located at 2106 AZ-95, this property boasts a hard corner location on a major highway with excellent visibility and approximately 40,000 daily vehicles passing by. The current tenant, a credit-rated business, has occupied the premises since April 1, 2015, under a triple-net (NNN) lease with 10 years remaining and three additional 5-year options, each with a 10% rent increase. The lease includes 16 parking spaces. Significant improvements have been made over the past decade, including new air conditioners, paved lots, a 30-foot LED sign, roof resealing, and window replacements. The property requires no immediate capital improvements. The current Net Operating Income (NOI) is $115,500, yielding a 5.25% cap rate. This presents a stable, hands-off investment ideal for passive income seekers. The tenant is open to lease termination with relocation cost coverage should a developer acquire the property. This is a rare opportunity to acquire a well-maintained, high-performing retail asset in a prime location with strong long-term growth potential.
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
- -114.598
- Latitude
- 35.1121
