1330 W Main St Quartzsite, AZ 85346
Estimated payment $23,865/month
About This Home
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. 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.
Property Details
Property Type
- Other
Est. Annual Taxes
- $19,314
Year Built
- Built in 2006
Lot Details
- 1.95 Acre Lot
- Property is zoned C-2
Home Design
- 37,000 Sq Ft Home
- Metal Roof
- Metal Siding
Flooring
- Carpet
- Concrete
Parking
- 40 Open Parking Spaces
- 40 Parking Spaces
- Public Parking
- Free Parking
- Paved Parking
- Fenced Parking
Community Details
- Operating Expense $19,314
- Gross Income $240,000
- Net Operating Income $240,000
Listing and Financial Details
- Assessor Parcel Number 306-29-012-H
Map
Home Values in the Area
Average Home Value in this Area
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $19,139 | $1,047,295 | -- | -- |
| 2023 | $19,139 | $949,928 | $0 | $0 |
| 2022 | $17,307 | $904,693 | $0 | $0 |
| 2021 | $19,023 | $861,612 | $0 | $0 |
| 2020 | $18,178 | $820,583 | $0 | $0 |
| 2019 | $17,546 | $140,671 | $0 | $0 |
| 2018 | $16,427 | $289,544 | $0 | $0 |
| 2017 | $15,310 | $0 | $0 | $0 |
| 2016 | $15,403 | $0 | $0 | $0 |
| 2015 | $22,146 | $0 | $0 | $0 |
| 2014 | $21,510 | $0 | $0 | $0 |
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 01/20/2025 01/20/25 | For Sale | $3,995,000 | -- | $108 / Sq Ft |
Deed History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $120,000 | Chicago Title | |
| Warranty Deed | $10,000 | Accommodation | |
| Warranty Deed | $400,000 | Pioneer Title | |
| Quit Claim Deed | -- | None Available | |
| Trustee Deed | $1,188,367 | Pioneer Title |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $500,000 | Commercial | |
| Previous Owner | $90,000 | Seller Take Back | |
| Previous Owner | $300,000 | Seller Take Back | |
| Previous Owner | $300,000 | Seller Take Back |
Source: Arizona Regional Multiple Listing Service (ARMLS)
MLS Number: 6807935
APN: 306-29-012H
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
All information should be verified by the recipient and none is guaranteed as accurate by ARMLS
Listing Information presented by local MLS brokerage: Ten-X, local REALTOR®- Arlene Richardson - (888)-952-6393
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