1150 8th St Ste A Yuma, AZ 85364-2863

Property Details for 1150 8th St Ste A

Property type

Industrial properties

Property subtype

Industrial live-work properties

APN

095-50-429-A

APU

09550429A

Description

This exceptional investment opportunity presents a fee-simple ownership (land and building) of a 20,015-square-foot, multi-tenant retail property in Yuma, Arizona. Anchored by a Walgreens pharmacy, operating successfully for nearly 30 years, this property boasts 100% occupancy and a strong tenant lineup featuring e-commerce resistant businesses. The Walgreens lease has recently been extended for five years, incorporating future rent increases that protect against inflation and demonstrate the tenant's long-term commitment. All leases are triple-net (NNN), minimizing landlord responsibilities and maximizing passive income. The property sits on a 2.42-acre lot with 124 parking spaces, conveniently located at a signalized intersection of South Avenue and West 8th Street, experiencing a combined daily traffic count of 40,400 vehicles. Its strategic position near a major grocery store and a large regional retail center, coupled with a strong demographic profile (over 90,000 residents within a 5-mile radius, average household income of $76,428), ensures consistent cash flow. The property features a 7.00% cap rate and a net operating income (NOI) of $282,652, with an asking price of $4,038,000 ($201.75/sq ft). Built in 1994, the property is zoned for commercial use (C) and has an APN of 632-64-142. This is a low-management, high-return investment opportunity with significant upside potential.