1330 W MAIN Street, Quartzsite, AZ 85346 (MLS# 6807935)

1330 W MAIN Street, Quartzsite, AZ 85346

New Listing
$3,995,000
Property Type: Comm/Industry Sale Square Footage: 37,000 Lot Size (sq. ft.): 84,996 Status: Active
Current Price: $3,995,000 List Date: 1/20/2025 Last Modified: 1/21/2025

Description

Investment Opportunity: NNN Seller Leaseback at 6% Cap Rate Property: 1330 W Main, Quartzsite, AZ 85346 Size: 35,000 Square Feet Price: $3,995,000 Cap Rate: 6% This is a unique opportunity to invest in a NNN Seller Leaseback at a 6% Cap Rate, featuring a well-established business with over 35 years of history in the jewelry industry. The property, located in the heart of Quartzsite, Arizona, is currently home to Gem World, a respected jewelry store offering a wide range of high-quality products at exceptional prices. The Seller has built a loyal customer base, providing wholesale and retail services with a variety of crystal and glass beads, precious gems, semi-precious stones, jewelry, accessories, pendants, and art glass items.

Supplements: Investment Opportunity: NNN Seller Leaseback at 6% Cap Rate Property: 1330 W Main, Quartzsite, AZ 85346 Size: 35,000 Square Feet Price: $3,995,000 Cap Rate: 6% This is a unique opportunity to invest in a NNN Seller Leaseback at a 6% Cap Rate, featuring a well-established business with over 35 years of history in the jewelry industry. The property, located in the heart of Quartzsite, Arizona, is currently home to Gem World, a respected jewelry store offering a wide range of high-quality products at exceptional prices. The Seller has built a loyal customer base, providing wholesale and retail services with a variety of crystal and glass beads, precious gems, semi-precious stones, jewelry, accessories, pendants, and art glass items. This property offers a steady and secure income stream for investors while providing a stable long-term tenant. With the NNN Leaseback structure, the Seller assumes responsibility for property maintenance, taxes, and insurance, ensuring minimal management for the investor. Property Highlights: 35,000 Square Foot Building - Spacious and versatile space suitable for a variety of uses. 7 Newer, High-Efficiency Air Conditioners - Ensures optimal climate control throughout the year. Roll-Up Doors - Convenient access for loading and unloading. Newer Asphalt Parking Lot - Freshly paved, ample parking space for customers and staff. Large Metal Covered Building - Provides additional covered space for outdoor storage, work areas, or expansion. High Visibility Location - Situated in a prime area in the heart of Quartzsite, a popular destination for both locals and tourists. NNN Seller Leaseback - Tenant responsible for all maintenance, taxes, and insurance, minimizing investor involvement. 6% Cap Rate - Attractive return on investment with a reliable, established business as the tenant. Gem World Business Overview: Gem World is a staple in Quartzsite, known for offering a diverse selection of high-quality products including crystal and glass beads, precious gems, semi-precious stones, jewelry, accessories, and art glass pendants. The business caters to both wholesale and retail customers, making it a key player in the region's jewelry market. The Seller's reputation for exceptional service and unbelievably low-priced products has fostered a loyal customer base that returns year after year. The business, with its more than 35 years of experience in the jewelry industry, is fully committed to a long-term lease agreement, ensuring steady cash flow for the investor. With the Seller's expertise and established brand, Gem World is poised for continued success in the Quartzsite community. Investment Summary: Seller Leaseback with NNN Lease - Long-term lease with minimal responsibilities for the investor. 6% Cap Rate - Providing strong returns on investment. 35,000 Square Feet of flexible commercial space. Established Seller with over 35 years of industry experience in the jewelry market. Prime Location in Quartzsite, AZ, near major tourist traffic, ensuring consistent customer flow. Well-Maintained Property with newer air conditioners, asphalt parking, roll-up doors, and a large metal covered building for additional storage or expansion. Buyers to verify all facts and figures. This property offers a solid investment opportunity for those seeking a stable, long-term income with the added benefit of a trusted and reliable tenant. Don't miss the chance to invest in a property that combines a prime location with the security of a NNN leaseback at a competitive cap rate.

More Information MLS# 6807935

Contract Info

Current Price: $3,995,000 List Price: $3,995,000 Status: Active List Date: 2025-01-20 Ownership: Fee Simple

Location Tax Legal

House Number: 1330 Compass: W Street Name: MAIN St Suffix: Street City/Town Code: Quartzsite State/Province: AZ Zip Code: 85346 Zip4: 0499 Country: USA County Code: La Paz Assessor Number: 306-29-012-H Tax Year: 2024

General Property Description

Ttl Apx SqFt Bldg: 37000 # of Buildings: 1 Year Built: 2006 Uncvrd Parking Spcs: 40 Zoning: C-2

Remarks Misc

Geo Lat: 33.662271 Geo Lon: -114.239191

Status Change Info

Status Change Date: 2025-01-20

Legal Info

Township: 04N Range: 19W Section: 29

Income Expenses

Gross Annual Sch Inc: 240000 Net Operating Income: 240000

Showing Notification Methods

Showing Service: Aligned Showings

Property Features

Building Type: Commercial; Distribution/Warehse; Other (See Remarks) Current Use: Warehouse; Wholesale; Other; See Remarks Stories: 2 Stories Construction: Metal Roofing: Metal Floors: Concrete Ceiling Height: 28.1 Feet or Over Heating: Office Heated Cooling: Office A/C; Warehouse A/C; See Remarks Loading Facilities: Truck Well; Grade Level; Drive-in Door(s); Other (See Remarks) Interior: Finished to Suit; Security Light(s); Security Camera(s); Alarm System Fencing: Other; See Remarks Parking: Fenced; Free; Public Parking; Paved Parking Electric: APS; Master Meter; 3 Phase Power Gas: None Water: City Franchise Sewer: Sewer - Public New Financing: Owner May Carry; Sale/Leaseback Lockbox Type: Other Source of Fincl Data: Provided by Owner Environmental: None
Listing Office: Gerchick Real Estate
Last Updated: January - 21 - 2025
1330 W MAIN Street, Quartzsite, AZ 85346- MLS# 6807935
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