Description
Investor- Free Standing, Single Tenant, Absolute Net lease. Tenant pays all expenses including property tax. NOI is based on Feb 2023. 6.04 % CAP Lease expires 2025, w (2) 5-yr options to renew. 3% annual rent increases. In business 38 years as a Mexican Restaurant. This is the 2nd owner. If you are an Owner/User- Tenant will vacate with 30 days notice and all the restaurant equipment stays.2 levels with 2 full kitchens. Main dining in upper level, banquets and events in lower level.Major growth area, national retailers.Do not disturb tenant. All inquiries must go through Broker.Additional .23 acre parcel is included 406-06-020C.
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0BEDS
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0.63ACRES
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1BATHS
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01/2 BATHS
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5,544SQFT
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$234$/SQFT
School Ratings & Info
Description
Investor- Free Standing, Single Tenant, Absolute Net lease. Tenant pays all expenses including property tax. NOI is based on Feb 2023. 6.04 % CAP Lease expires 2025, w (2) 5-yr options to renew. 3% annual rent increases. In business 38 years as a Mexican Restaurant. This is the 2nd owner. If you are an Owner/User- Tenant will vacate with 30 days notice and all the restaurant equipment stays.2 levels with 2 full kitchens. Main dining in upper level, banquets and events in lower level.Major growth area, national retailers.Do not disturb tenant. All inquiries must go through Broker.Additional .23 acre parcel is included 406-06-020C.
© 2023 Prescott Area Association of Realtors, Inc. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or The Shelly Watne Group. Data last updated: 2023-12-02T21:50:51.647.