The subject property, located at 67 E Baffert Dr. in Nogales, AZ consists of two (2) buildings totaling ±78,939 SF on 8.62 AC. The property is currently occupied by Citizen Auto Stage Company, who will execute a three (3) year lease at the Close of Escrow for $65,0000 per month NNN ($780,000 annually), providing investors with an opportunity to purchase the asset at a 9% cap rate. This opportunity also includes a potential seller financing option, with the Seller carrying $4,600,000 at 5.5% interest-only for three years, plus a 1-year extension option at the Buyer’s election.
Sale Leaseback
- Seller will sign a 3-year lease at Close of Escrow
- $65,000 per month NNN
- 3.5% Annual Bumps
- $780,000 Year 1 NOI | 9% Cap Rate
Seller Financing Available
- Seller to carry $4,600,000
- 5.5% interest-only for 3 years, plus a 1 year extension at Buyer’s election