• Asking Price $5,777,862

  • 5980 E COURY DR COTTONWOOD, AZ 86326

  • 1 Bath
  • Commercial / Resale (MLS)
1 of 77

Property Details for 5980 E COURY DR, COTTONWOOD, AZ 86326

Features

  • Lot Size: 5.25 acres
  • Room List: Bathroom 1
  • Stories: 1
  • Heating: Heat Pump
  • Construction Type: Metal

Facts

  • Year Built: 01/01/2007
  • Property ID: 877871219
  • MLS Number: 529034
  • Parcel Number: 407-09-043E
  • Property Type: Commercial
  • County: Yavapai
  • Listing Status: Active

Sale Type

This is an MLS listing, meaning the property is represented by a real estate broker, who has contracted with the home owner to sell the home.

Description

This listing is NOT a foreclosure. 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 in on June 30 of 2015. The lease rate is $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 Square Feet 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, part department, waiting room, public and private restrooms. The lease with Jones renews in June of 2029.

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Property Brokerage: Berkshire Hathaway Home Servicies Arizona Properties 172 E Sheldon Street Prescott 86301
Copyright © 2024 Sedona Verde Valley Association of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.


All information provided is deemed reliable, but is not guaranteed and should be independently verified.

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