LazyDays RV of Pheonix-Mesa | 2260 E Main St
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LazyDays RV of Pheonix-Mesa 2260 E Main St
18,211 SF Retail Building Mesa, AZ 85213 £7,578,150 (£416/SF) 5.15% Net Initial Yield
Executive Summary
9 years remaining on a national credit lease (3, 5 year options to renew at market)
Guaranteed by publicly traded company Lazy Daze RV (NASDAQ:LAZY)
9.6 acres of land and over 500' of frontage on Main Street with great light rail access
Zoned C-3
$489,600 year 1 NOI, with 2% annual escalations
Used as a recreation vehicle sales, storage, and maintenance facility
20,000SF Sales and service building that is 50% HVAC, 50% EVAP
Cash flowing covered land
Guaranteed by publicly traded company Lazy Daze RV (NASDAQ:LAZY)
9.6 acres of land and over 500' of frontage on Main Street with great light rail access
Zoned C-3
$489,600 year 1 NOI, with 2% annual escalations
Used as a recreation vehicle sales, storage, and maintenance facility
20,000SF Sales and service building that is 50% HVAC, 50% EVAP
Cash flowing covered land
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Auto Dealership
Building Size
18,211 SF
Building Class
B
Year Built
2000
Price
£7,578,150
Price Per SF
£416
Net Initial Yield
5.15%
NOI
£390,554
Tenancy
Single
Number of Floors
1
Building FAR
0.04
Lot Size
9.60 AC
Zoning
GC / C-3, Mesa
Parking
800 Spaces (2.25 Spaces per 1,000 SF Leased)
Frontage
502 ft on E Main St
Amenities
- Security System
- Drive Thru
Nearby Major Retailers
PROPERTY TAXES
| Parcel Number | 140-24-002D | Improvements Assessment | £0 |
| Land Assessment | £0 | Total Assessment | £416,439 |
PROPERTY TAXES
Parcel Number
140-24-002D
Land Assessment
£0
Improvements Assessment
£0
Total Assessment
£416,439
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LazyDays RV of Pheonix-Mesa | 2260 E Main St
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