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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
Year Built 2009
Annual Tax Amount $19,617
Lot Size 1.030 Acres
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
Interior
Heating Forced Gas
Cooling Central Air, Ceiling Fan(s)
Exterior
Garage Other - See Remarks, 20+ Cars
Others
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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