$1,140,000
Prescott, AZ 86301
MLS# 984361
Status: Closed
2088 sqft
1 / 5
Property Description
A stand alone Jack in the Box in a very busy shopping center with many shops and businesses, anchored by Fry's Grocery store. There is over 10 years left on the lease, June 30, 2025. The lease is set to increase July 1, 2015, from $4,583.33 to $5,041.24 for the next 5 years, and increase to $5,545.83, July 1, 2020. There are 2-5 year options, July 1, 2025 increase to $6100.42, and July 1 2030, increase to $6,710.46. Can be purchased with strip center 3180 Willow Creek, next to the Jack in the Box. Financials are 7/1/15 to 7/1/16.
Details
Maps
Contract/Address/Legal
List Price/SqFt: 628
Comm Type: Retail
REO/Short Sale: Not Applicable
Zoning: BG
Business Name: Jack In The Box
Zoning Description: Business General
Assessor's Book #: 106
Assessor's Map #: 8
Assessor's Parcel #: 92
Assessor Parcel Ltr: W
Legal: WILLOW CROSSROADS 2 LOT 2 CONT .55AC SEC 10&15-14-2W M&P 55/1
General Property Description
Aprx Acres: 0.55
Lot Size: Irregular
Buildings: 1
Source of Measuremnt: County Assessor
Stories: 1
Parking Spaces: 22
Gross Vol/Yr $: 58667
Vac Rate %: 0
CAM $: 0
GRM: 4812.46
Traffic Count Per Day: 54
Property Use: Investment Prop
Construction Status: Existing
Space Available: No
Total Liveable SqFt: 2088
Year Built: 2005
NOI $: 58667
Cap %: 4.61
Baths - Full: 1
Tax Info
Taxes: 6950
Tax Year: 2014
Remarks & Misc
Directions: North on Willow Creek Road to Willow Crossroads Shopping Center at SW corner of Willow Creek and Sandretto Hills.
Remarks: A stand alone Jack in the Box in a very busy shopping center with many shops and businesses, anchored by Fry's Grocery store. There is over 10 years left on the lease, June 30, 2025. The lease is set to increase July 1, 2015, from $4,583.33 to $5,041.24 for the next 5 years, and increase to $5,545.83, July 1, 2020. There are 2-5 year options, July 1, 2025 increase to $6100.42, and July 1 2030, increase to $6,710.46. Can be purchased with strip center 3180 Willow Creek, next to the Jack in the Box. Financials are 7/1/15 to 7/1/16.
Office/Member Info
Listing Exclusions: No
Status Change Info
Sold Price/SqFt: 546
Financing: Cash
Under Contract Date: 2015-05-26
Sold Date: 2015-08-25
Sold Price: $1,140,000
Building Type
Retail - Free Stand: 1
Construction
Frame - Wood: 1
Stucco: 1
Cooling
Central Air: 1
Gas Pack: 1
External Amenities
Handicap Access: 1
Landscaped: 1
Paved Parking: 1
Flooring
Concrete: 1
Tile: 1
Heating
Natural Gas: Natural Gas, Natural Gas
Natural Gas: 1
Possession
Subject to Tenant: 1
Records Available
Other - See Remarks: 1
Road Responsibility
City: 1
Paved: 1
Roof
Rolled/Hot Mop: 1
Bathrooms
Unisex: 1
Business Location
Freestanding Bldg: 1
Terms & Conditions
Conventional: 1
Commercial Amenities
Ceiling Ht. 12-15: 1
Utilities Installed
Electricity: 1
Natural Gas: 1
Telephone: 1
Underground: 1
Water - City: 1
WWT - City Sewer: 1
Internal Amenities
Ceiling Fan(s): 1
Fire/Smoke Detector: 1
Sprinklers: 1
Parking
On-Site: 1
ContractAddressLegal
Original List Price: 1312000
Listing Date: 2015-02-17
Status: Closed
Listing Price: 1312000
Street #: 3182
Street Name: Willow Creek
St Suffix: Road
City/Township: Prescott
State: AZ
Zip Code: 86301
County: Yavapai
Tax Parcel: 106-08-092W
Property Features
Bathrooms: Unisex
Building Type: Retail - Free Stand
Business Location: Freestanding Bldg
Commercial Amenities: Ceiling Ht. 12-15
Construction: Frame - Wood; Stucco
Cooling: Central Air; Gas Pack
External Amenities: Handicap Access; Landscaped; Paved Parking
Flooring: Concrete; Tile
Internal Amenities: Ceiling Fan(s); Fire/Smoke Detector; Sprinklers
Parking: On-Site
Possession: Subject to Tenant
Records Available: Other - See Remarks
Road Responsibility: Paved
Roof: Rolled/Hot Mop
Utilities Installed: Electricity; Natural Gas; Telephone; Underground; Water - City; WWT - City Sewer
Listing Office: Keller Williams Check Realty
Last Updated: April - 02 - 2018
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