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Property profile

260 Lee Blvd Prescott, AZ 86303

OFF-MARKET
Auto shops
Property ID
US07-2325831
View Sample
5,921 SF 1.67 ac lot Built 2023
Entity Owned 1-yr Hold Free & Clear

Property summary

AI-generated overview

This exceptional investment opportunity presents a 5,637 square foot, single-tenant auto shop located at 260 Lee Blvd, Prescott, AZ 86303. The property, built in 2023, sits on a 1.67-acre lot and boasts a strong 100% occupancy rate with a 15-year absolute NNN lease in place, offering significant long-term stability. The lease includes annual rent escalations starting in year six, further enhancing the investment's potential. The tenant, Christian Brothers Automotive, a well-established and rapidly expanding national chain with over 275 locations, provides a robust corporate guarantee. The property generates a substantial net operating income (NOI) of $330,000, resulting in an attractive 6.25% cap rate. The asking price is $5,280,000, translating to a price per square foot of $936.67. The property benefits from its location within a thriving retail corridor, surrounded by major national retailers such as Target, Home Depot, and Costco, serving a population exceeding 51,000 within a 5-mile radius, with an average household income well above the national average. This presents a compelling opportunity for investors seeking a secure, high-yield investment with significant long-term growth potential. The lease features options extending the term up to 65 years. This is a turnkey investment with zero landlord responsibilities.

Property profile

Verified
Property type Auto shops
Use group AUTO REPAIR, GARAGE
Year built 2023
Total area 5,921 SF
Lot 1.67 ac (72,745 SF)
APN 103-20-598L
UPID US07-2325831

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Auto Repair Shop

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$5.16M
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$5.16M

Owner & transaction history

since 2024
Last sale
$5.2M
3 recorded transactions
2024
$5.2M
2022
$825,000
2021
$225,000

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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