760-778 W Wickenburg Way - Multi-Family FOR SALE


Wickenburg, AZ 85390
$2,295,000 USD
602-688-9279
760-778 W Wickenburg Way, Wickenburg, AZ for Sale
$2,295,000 USD
Multi-Family - FOR SALE
1/59
null | 5.28% Cap Rate

760-778 W Wickenburg Way
Wickenburg, AZ 85390


HIGHLIGHTS

  • $2,295,000 mixed-use offering on three parcels totaling approximately 0.92 acre.
  • Two commercial buildings, six one-bedroom apartments and excess land.
  • National ambulance tenant under an NNN lease through November 30, 2028.
  • Current underwriting: $121,122 NOI / 5.28% cap; pro forma: $132,464 / 5.77%.
  • Illustrative seller financing: 5% interest, 30-year amortization, five-year term, subject to approval.
  • Rapid Regional Growth: Wickenburg is benefiting from northwest Valley expansion driven by the multi-billion-dollar TSMC development.

OVERVIEW

PROPERTY OVERVIEW Offered at $2,295,000, 760-778 W Wickenburg Way presents a distinctive mixed-use investment combining contractual commercial income, six residential apartments, seller financing and excess land within one acquisition. The offering consists of two commercial buildings, six one-bedroom apartments and three parcels totaling approximately 40,076 square feet, or 0.92 acre. The existing improvements contain approximately 6,182 square feet. 760–778 W Wickenburg Way combines NNN commercial tenancy, six one-bedroom apartments and excess land in one $2,295,000 acquisition. The offering encompasses approximately 6,182 building SF on 40,076 land SF across three parcels. The commercial lease runs through November 30, 2028 with reported annual rent increases and extension options. The current OM underwriting produces $121,122 NOI and a 5.28% cap rate; its separate pro forma produces $132,464 NOI and a 5.77% cap rate. The current model uses scheduled apartment rents with a 5% multifamily vacancy allowance and is not a statement of actual collections. Seller financing may be available at 5% interest with 30-year amortization and a five-year term, subject to approval. Buyers must verify occupancy, lease terms, financing and any future use of the excess land. AREA OVERVIEW The property is prominently located along Wickenburg Way, the community’s primary commercial corridor. This highly visible location provides convenient access to local businesses, residential neighborhoods, restaurants, healthcare providers, government services and historic downtown Wickenburg. Wickenburg is strategically positioned near the convergence of U.S. Highway 60 and U.S. Highway 93. These major transportation routes connect the community with the Phoenix metropolitan area, the Northwest Valley, Kingman, Las Vegas and Northern Arizona. The community’s highway access supports local businesses, regional transportation, tourism and continued residential demand. Wickenburg is supported by a diversified economic base that includes healthcare, behavioral health services, tourism, government, retail, construction and equestrian activities. Major healthcare and treatment providers in the area include Wickenburg Community Hospital, The Meadows and Monte Nido Rosewood Ranch. These facilities create professional, medical, administrative and support-service employment while contributing to year-round housing demand. Known as the Team Roping Capital of the World, Wickenburg attracts competitors, horse owners, spectators and seasonal visitors from throughout the United States and Canada. Roping competitions, equestrian facilities, guest ranches, rodeos and Western events generate recurring activity for local restaurants, lodging establishments, retailers and service businesses. Nearby recreational and cultural destinations include the Hassayampa River Preserve, Vulture Mountains Recreation Area, historic Vulture City and Vulture Mine, desert trails and Wickenburg’s historic downtown district. These attractions reinforce Wickenburg’s identity as a Western tourism and outdoor-recreation destination. The property is also situated within a federally designated Qualified Opportunity Zone. Depending upon an investor’s individual circumstances and the structure of the acquisition and improvements, this designation may provide tax-planning or redevelopment opportunities. Investors should consult their own tax and legal advisors regarding eligibility and potential benefits. With a national NNN tenant, contractual rent increases, six residential apartments, seller financing, three parcels and excess land, 760-778 W Wickenburg Way offers a compelling combination of existing income, diversification and future value-creation potential in one of Arizona’s most recognizable historic communities. Buyer should independently verify all facts, figures, square footage, parcel information, rents, income, expenses, lease terms, zoning, development potential, Opportunity Zone eligibility and any other information material to the purchase decision.

FOR SALE DETAILS

PRICE

$2,295,000 USD

PRICE/SF

$459 USD /SF

# OF UNITS

7

PRICE/UNIT

$327,857

CAP RATE

5.28%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

NNN Commercial + 6 Apartments | Seller Financ

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

ADD'L SUBTYPES

Office/Residential

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1982

PARKING SPACES

40

LAND DETAILS

LAND ACRES

0.92 AC

LAND SF

40,076 SF

ZONING

C3

APN/PARCEL ID

505-33-005

ASK ABOUT THIS PROPERTY

Linda GerchickGerchick Real EstateMore Info
602-688-9279

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Linda GerchickGerchick Real EstateMore Info
602-688-9279

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