420 Miller Valley Road, Prescott, AZ 86301

$3,200,000

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Sold Price
$3,200,000
List Price
$3,120,000

Property Description

Compelling investment opportunity featuring a long-standing tenant with a lease in place through March 2029 plus an option period. The +/-13,200 SF building sits on +/-1.6 acres along Miller Valley Road with convenient access to downtown Prescott. Current NOI is $201,000 with heavy escalators through the remaining initial term, increasing to a projected NOI of $218,520 beginning March 2026. As it sits at a 6.44 CAP rate which will increase to 7.00 CAP in March of 2026. Tenant pays Landlords taxes and insurance while maintaining this efficient operation and property.

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Calculator source: Real Geeks

Listing courtesy of Arizona Commercial. Selling Office: Arizona Commercial.

Listing data provided & © by (PAAR) Prescott Area Association of REALTORS®