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Overview
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
Location
Listing Details
More Info
Last Modified
5:04pm, April 19, 2024
List Office Name
Berkshire Hathaway HomeService AZ Properties
The data relating to real estate for sale on this site comes from the Broker Reciprocity/IDX of Prescott Area Association of REALTORS. Information provided is thought to be reliable but is not guaranteed to be accurate. IDX information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.Real estate listings held by brokerage firms other than the website owner, are indicated by detailed information about them such as the name of the listing firms. Copyright© 2020 Prescott Area Association of REALTORS. All rights reserved.
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.
