150 Highway 179 - Retail FOR SALE


Sedona, AZ 86336- Uptown Sedona
$6,971,675 USD
928-224-2709
150 Highway 179, Sedona, AZ for Sale
$6,971,675 USD
Retail - FOR SALE
1/14
null | 6.5% Cap Rate

150 Highway 179
Sedona, AZ 86336
Uptown Sedona


HIGHLIGHTS

  • 100% occupied NNN Investment opportunity at the busiest intersection in Sedona.
  • Situated within walking distance to all of Uptown and Tlaquepaque.
  • World class red rock views.
  • 1/3 acre undeveloped lot connected to back parking lot.

OVERVIEW

Top location family owned legacy property! Fully occupied NNN Investment opportunity in a prime location @ SR 89A & SR-179 (main roundabout) in the middle of town. Low maintenance and turn-key. Bonus back lot (1/3/ acre undeveloped zoned commercial) for additional parking with direct access to Brewer Rd, allowing access from SR 179, Hart Rd, and Brewer Rd, all of which are connected to SR 89A. NOI includes 3% economic vacancy factored in though it is fully occupied. End caps both operated by Wild Thyme Restaurant Group (30+ restaurants across 4 states primarily in CA and AZ). Long term NNN leases with annual bumps and personally guaranteed. Exterior remodel 2016. Inspection (2025), Phase 1, ALTA Survey, HVAC info (all less than 10 years old). Financials provided with signed NDA and proof of funds.

FOR SALE DETAILS

PRICE

$6,971,675 USD

PRICE/SF

$617 USD /SF

CAP RATE

6.5%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Red Stone Center @ the 'Y' roundabout

PROPERTY TYPE

Retail

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1956

SPRINKLERS

-

PARKING SPACES

67

LAND DETAILS

CROSS STREETS

SEC Hwy 179 & Hwy 89

LAND ACRES

1.41 AC

LAND SF

61,420 SF

ZONING

CO

APN/PARCEL ID

401-17-003D,401-18-058,401-18-059

ASK ABOUT THIS PROPERTY

Jack McMahonMcMahon & Miller Commercial Real EstateMore Info
928-224-2709

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Jack McMahonMcMahon & Miller Commercial Real EstateMore Info
928-224-2709

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.