5980 E Coury Drive, Cottonwood, AZ 86326
$5,777,862
Property Type:
Commercial/Indstrial
Square Footage:
28,490
Lot Size (sq. ft.):
228,690
Status:
Active
Current Price:
$5,777,862
List Date:
4/17/2024
Last Modified:
4/20/2024
Description
Ford Dealership leased to Jones Ford selling at a high Cap rate. The dealership was built in 2007 by Steve Coury and then leased to Jones Ford on June 30 of 2015. The lease rate of $25,000 per month has not changed since the inception of the lease. In addition to the lease revenue there is a sales tax rebate in a development agreement that is equal to 1/2 of the city sales tax collected by the town of Camp Verde. The Dealership has 28,490 sq ft of building and is located on 242,490 sq ft of land. The property is Ford approved and was designed to meet Ford Dealership standards in 2006. The building includes a spacious show room, offices, service center, parts department, waiting room, restrooms. The lease with Jones Ford renews in June of 2029. Buyer to verify all facts and figures
More Information MLS# 1063640
Contract/Address/Legal
Original List Price: 5777862
Listing Date: 2024-04-16
Status: Active
Listing Price: 5777862
List Price/SqFt: 203
Street #: 5980
Direction: E
Street Name: Coury
St Suffix: Drive
City/Township: Cottonwood
State: AZ
Zip Code: 86326
Subdivision: None
Neighborhood: N/A
County: Yavapai
Comm Type: Other
Zoning: C3-2A
Business Type: Auto Dealership
Business Name: Jones Ford
Tax Parcel: 407-09-043E
Assessor's Book #: 407
Assessor's Map #: 9
Assessor's Parcel #: 43
Assessor Parcel Ltr: E
REO/Short Sale: Not Applicable
Legal: AN IRREGULAR BALANCE PORTION OF THE NE4SE4 ADJACENT TO SOUTHWESTE RLY RIGHT OF WAY STATE ROUTE 260. MOST SOUTHERLY PARCEL CORNER AP PROXIMATELY 1974 FEET NORTH AND 656 FEET WEST OF SOUTHEAST CORNER SECTION 31.
General Property Description
Lot Size: 228615
Aprx Acres: 5.25
Buildings: 1
Total Liveable SqFt: 28490
Source of Measuremnt: County Assessor
Stories: 1
Parking Spaces: 20
Year Built: 2007
NOI $: 478658
Cap %: 8.28
Baths - Full: 1
Date Available: 2024-04-16
CC & R: No
CC & R Fees: 28468
Tax Info
Taxes: 34551
Tax Year: 2023
Remarks & Misc
Directions: From the Junction of Interstate 17 and AZ State Route 260 travel West on SR 260 for 7.3 miles. The Jones Ford Auto Dealership is on the left.
Office/Member Info
Compensation: 2.25
Compensation Type: %
Property Features
Bathrooms: Interior; Public; Staff; Unisex
Building Type: 2-4 Units; Auto
Business Location: Corner Location
Commercial Amenities: Grade Level; Ceiling Ht. 12-15; Ceiling Ht. 16+
Construction: Block/Brick
Cooling: Central Air
External Amenities: Paved Parking
Flooring: Carpet; Concrete; Tile
Heating: Heat Pump
Internal Amenities: Bathroom; Fire/Smoke Detector
Parking: On-Site
Records Available: Other - See Remarks
Road Responsibility: City Maintained Road; Other - See Remarks
Roof: Rolled/Hot Mop
Pets/Animals: None
Terms & Conditions: Assumable; Conventional
Utilities Installed: 3 Phase; Electricity; Fire Hydrant; Telephone; WWT - Septic
Listing Office: Berkshire Hathaway HomeService AZ Properties
Last Updated: April - 20 - 2024
The listing broker’s offer of compensation is the dollar amount or percentage of sale price the listing broker offers to pay a broker who (a) participates in the multiple listing service where the listing broker filed the listing and (b) procures the buyer for a successful transaction.
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