248 Justin Drive, Cottonwood, AZ 86326

Property Description

6.5% CAP! Excellent investment opportunity! Just east of Cottonwood Airport in the Mingus Industrial Park this 17,645 sq ft industrial building is being offered for sale with a long-term Tenant in place. The building has three 12' tall X 10' wide overhead doors, one grade level dock, one dock high dock with a hydraulic lift system, CMU construction, 5445 sq ft of the building is cold storage, fully fire sprinklered, 18' of clear height, 3-phase power, a 40KW backup generator in case there is ever interruption in the electrical grid, almost the entire parcel is paved other than a retention pond out front, 4 evaporative coolers, and 4 HVAC Units. The building is Leased by Wild Tonic® an iconic beverage company known for its premium Sparkling Jun and Hard Jun varietals. With over 20 different products and recognition from Forbes, Food Network, POPSUGAR, USA TODAY 10 bests, and many others, this is an opportunity you won't want to miss. Wild Tonic® products are proudly displayed on the shelves of many grocers including Sprouts, Natural Grocers, and AJS Fine Foods. The Tenant is in the first year of its current five-year lease term. With three more five-year options to go. The Lease agreement is a solid NNN Lease with annual escalators each calendar year. With an NOI of $219,827.28 during the first year of acquiring the asset this is a solid 6.5% CAP RATE. It's hard to find a better property to satisfy your 1031 Exchange. If you're looking for your first income property or if you have a large portfolio and are looking for more mailbox money this, is it.