$2,900,000
$2,998,800
3.3%For more information regarding the value of a property, please contact us for a free consultation.
1490 W State Rte 89a Sedona, AZ 86336
4,257 SqFt
Key Details
Sold Price $2,900,000
Property Type Commercial
Sub Type Commercial
Listing Status Sold
Purchase Type For Sale
Square Footage 4,257 sqft
Price per Sqft $681
Subdivision Commercial Only
MLS Listing ID 533643
Sold Date 02/29/24
Originating Board Sedona Verde Valley Association of REALTORS®
Year Built 2009
Annual Tax Amount $19,617
Lot Size 1.030 Acres
Acres 1.03
Property Description
SEE OFFERING MEMORANDUM FOR DETAILS.
Sale leaseback from COE.
Low maintenance income producing property in heart of Sedona.
10 year NNN w/annual base rent increases.
6.0% CAP rate.
Experienced operator w/7 Jay Bird's locations.
Occupied by Jay Bird's Nashville Hot Chicken (only fried chicken concept in Sedona).
3 other owned and operated restaurants in Sedona alone (see OM for details)
30 total restaurants and counting throughout West/Southwest.
High barrier to entry market.
Frontage property w/monument sign.
One of the few drive-thru establishments in town.
Pride of ownership.
Perfect candidate for 1031 exchange.
*Real estate only - business NOT for sale.
Location
State AZ
County Yavapai
Community Commercial Only
Direction West Sedona near Whole Foods
Interior
Interior Features Security, Other, Ceiling Fan(s)
Heating Forced Gas
Cooling Central Air, Ceiling Fan(s)
Exterior
Garage Other - See Remarks, 20+ Cars
Others
Tax ID 40825038f
Security Features Fire/Smoke Alarm,Fire Sprinklers
Acceptable Financing Cash to New Loan, Other - See Remarks, 1031 Exchange, Cash
Listing Terms Cash to New Loan, Other - See Remarks, 1031 Exchange, Cash
Special Listing Condition Other - See Remarks, N/A
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