550 Main St Cottonwood, AZ 86326-3901

Property Details for 550 Main St

Year built

1999

Construction

CONCRETE

Lot size

1.63 lot acres

Property size

14,754 SF

Property type

Retail space

APN

406-06-025E

APU

40606025E

Description

This exceptional investment opportunity presents a 14,754 square foot Walgreens located at 550 S Main St, Cottonwood, AZ 86326. The property boasts a 7.25% cap rate and a substantial net operating income (NOI) of $335,745. The absolute triple-net (NNN) lease with Walgreens, a corporate guarantor, has a remaining term of 11.8 years, extending to September 30, 2036, with seven, five-year renewal options. Built in 1999 on a 1.63-acre lot, this single-tenant property enjoys 100% occupancy and benefits from a prime location on a signalized hard corner, with high visibility to approximately 41,000 vehicles daily. The property sits along Cottonwood's main retail corridor, surrounded by established national retailers including Walmart, The Home Depot, Safeway, and Dollar Tree. The strong demographics of the area, projected to see a 6% population increase within the next five years, further enhance the investment's long-term potential. The asking price is $4,631,000, translating to a price per square foot of $313.88. This is a rare opportunity to acquire a stable, high-performing retail asset with a blue-chip tenant and significant remaining lease term.

Location Insight

City

Cottonwood

County

Yavapai

State

Arizona

Longitude

-112.01

Latitude

34.7293

CBSA code

39150

CBSA name

PRESCOTT VALLEY-PRESCOTT, AZ METROPOLITAN STATISTICAL AREA

Property Tax & Assessments