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1550 S Palo Verde Blvd

Lake Havasu City, AZ 86403
  • $2,136,000
  • STATUS: Active
  • ON SITE: 21 Days
  • MLS #: 1022412
UPDATED: 31 min ago
$2,136,000
  • 0
    BEDS
  • 0.31
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 10,683
    SQFT
  • $200
    $/SQFT
Neighborhood:
Type:
Commercial
Built:
2007
County:
Area:
N/A

School Ratings & Info

Description

This investment hits all the marks. Location is unbeatable and located next to the new Habit Burger. The lease was signed prior to the 2020 boom causing the price per sqft to be far below comparable restaurants. This lease is NNN with 3% annual increases on the base rent so no worries on inflation undercutting your bottomline. The city is responsible for maintaining the parking lot and the property is less than 15 years old. Tenant currently paying $10,682/month NNN with 3% annual base rent increases. Initial term expires 3/31/2025, but tenant has three (5) year options to renew terms.

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Lake Havasu Association of REALTORS®.

© 2022 Lake Havasu Association of Realtors. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or The Lander Team | Keller Williams Arizona Living Realty. Data last updated: 2022-08-13T14:39:27.407.
www.thelanderteam.com/homes/131188924
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1550 S Palo Verde Blvd Lake Havasu City, AZ 86403

  • Price: $2,136,000
  • Status: Active
  • On Site: 21 Days
  • Updated: 31 min ago
  • MLS #: 1022412
0
Beds
0
Baths
0
½ Baths
0.31
Acres
10,683
SQFT
$200
$/SQFT
2007
Built
Neighborhood:
Lake Havasu City
County:
Mohave
Area:
N/A
Property Description
This investment hits all the marks. Location is unbeatable and located next to the new Habit Burger. The lease was signed prior to the 2020 boom causing the price per sqft to be far below comparable restaurants. This lease is NNN with 3% annual increases on the base rent so no worries on inflation undercutting your bottomline. The city is responsible for maintaining the parking lot and the property is less than 15 years old. Tenant currently paying $10,682/month NNN with 3% annual base rent increases. Initial term expires 3/31/2025, but tenant has three (5) year options to renew terms.
Exterior Features

Fencing None Number Of Docks 0 Unit Level 0-21

Property Features

Annual Net Income Amount 128184.00 Approx Lot Dimensions 150'' X 100'' Commercial Type Limited Commercial Hoa YN No Less Than1 Acre Yes Tax Year 2021 Taxes 19891.00 Total Number Of Units 1 Zoning L-C-1 Limited Commercial

Listing information © 2022 Lake Havasu Association of REALTORS®.
Listing provided by Raul Ballas of Mohave Realty: (928) 855-0101.

Lake Havasu Association of REALTORS®.

© 2022 Lake Havasu Association of Realtors. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or The Lander Team | Keller Williams Arizona Living Realty. Data last updated: 2022-08-13T14:39:27.407.
 
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