2690 Hwy 95 - Freestanding FOR SALE


Bullhead City, AZ 86442
$2,000,000 USD
602-206-0784
2690 Hwy 95, Bullhead City, AZ for Sale
$2,000,000 USD
Freestanding - FOR SALE
1/3
null | 6.4% Cap Rate

2690 Hwy 95
Bullhead City, AZ 86442


OVERVIEW

- Single-tenant Verizon Wireless investment opportunity featuring a recently extended net lease with ±8.25 years remaining and one (1), five (5) year option period.  - Verizon Wireless (NYSE: VZ) ranks 30 on the Fortune 500 with $134.8 billion in annual revenue and an S&P investment grade credit rating of BBB+.  - The operator, Cellular Sales of Knoxville, is the largest Verizon franchisee operating ±872 stores across 43 states. Their corporate entity is guaranteeing this lease. - The Property has frontage and excellent visibility on the hard corner of Mohave Valley Hwy (AZ-95) and Newberry Dr (±32,628 VPD) (Source: ADOT, 24). - The City Centre District, a ±246-acre mixed-use development by Mantle Investments, is just north of the Property. This project will feature 12 development districts including multifamily housing, build-to-rent communities, senior living, retail shops, a central residential park, and a vibrant commercial main street in the heart of the city (Source: azbex.com). - Mohave High School (±1,101 Students) is ±4 minutes north (Source: US News). - Western Arizona Regional Medical Center is located ±9 minutes east of the Property, which features ±139 beds, ±700 employees and contributes ±$101 million to Bullhead City’s economy (Source: Western Arizona Regional Medical Center). - Nearby national retailers include Walmart Supercenter, Goodwill, Smart & Final, Hobby Lobby, Circle K, Walgreens, CVS, C-A-L Ranch Stores, and more. - Bullhead City, AZ is just south of Laughlin, NV, a popular tourist destination attracting nearly 2 million visitors annually to its eight resort casinos (Source: Visitlaughlin.com). - Laughlin’s casinos generate over $823 million in revenue, with over $525 million in gaming revenue alone (Source: UNLV Center for Gaming Research).

FOR SALE DETAILS

PRICE

$2,000,000 USD

PRICE/SF

$667 USD /SF

CAP RATE

6.4%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Verizon Wireless

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2019

SPRINKLERS

-

PARKING SPACES

10

LAND DETAILS

LAND ACRES

0.55 AC

LAND SF

23,958 SF

ZONING

Commercial, Bullhead City

APN/PARCEL ID

220-15-162L

ASK ABOUT THIS PROPERTY

Ben FarthingCBREMore Info
602-206-0784

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Ben FarthingCBREMore Info
602-206-0784

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