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7125 E 2nd St
Prescott Valley, AZ 86314
Flowers Foods · Industrial Property For Sale
PROPERTY FACTS
| Property Type | Industrial | No. Floors | 1 |
| Property Subtype | Distribution Warehouses | Year Built | 2019 |
| Costar Property Class | B | Tenancy | Single |
| Total Plot Size | 1.19 ac | Parking Allocation | 3/1,000 sq ft |
| Net Internal Area (NIA) | 4,000 sq ft | ||
| Use Class | Unrestricted | ||
| Property Type | Industrial |
| Property Subtype | Distribution Warehouses |
| Costar Property Class | B |
| Total Plot Size | 1.19 ac |
| Net Internal Area (NIA) | 4,000 sq ft |
| No. Floors | 1 |
| Year Built | 2019 |
| Tenancy | Single |
| Parking Allocation | 3/1,000 sq ft |
| Use Class | Unrestricted |
ABOUT 7125 E 2ND ST , PRESCOTT VALLEY, AZ 86314
INVESTMENT HIGHLIGHTS Brand new built-to-suit construction which was completed in July 2019 Relocation and expansion store from their previous site in Prescott, proving their long-term commitment to the market and this site Flowers Foods has signed a 15-year NNN lease with the base term running through August 2034 Extremely rare 1.75% annual rent increase in the base term (average return of 6.62%, assuming a purchase at list price) Three, 5-Year lease extension periods which include 2% annual rent increases 25-Year transferable roof warranty The subject property is strategically situated along East 2nd Street, which is the main industrial corridor in Prescott Valley This Flowers facility is set to serve Yavapai County which is 8,128 square miles and has a population of more than 228,168 residents Flowers Foods, Inc. has a strong investment grade credit rating of BBB (Standard & Poor’s); Baa2 (Moody’s) The property is 100% leased to Holsum Bakery, Inc., a wholly owned subsidiary of Flowers Foods, Inc. Flowers Foods is the second-largest producer and marketer of packaged bakery foods, serving over 90% of the United States population with baked goods Flowers Foods currently operates 47 Bakeries in 18 states and employs nearly 10,000 people. Flowers produces fresh baked products for some of the top industry brands including Wonder Bread, Hostess, Nature’s Own, Tastykake, Dave’s Killer Bread, Cobblestone Bread Co., Mrs. Freshley’s, White Wheat, Bunny Bread, Sunbeam, Mary Jane, Holsum, Hattie’s, and many more Flowers had sales of nearly $4 Billion in 2018 and currently has a Market Cap of $4.6B
PROPERTY TAXES
| Parcel Number | 103-05-209A | Improvements Assessment | £481,842 |
| Land Assessment | £412,428 | Total Assessment | £894,270 |
PROPERTY TAXES
