National credit tenant NNN lease

Why This Asset?

• 760-778 W Wickenburg Way combines a national commercial tenant, contractual rent increases, six apartments, seller financing, three parcels and excess land within one acquisition. The commercial lease provides established income, 3% annual increases and two additional five-year options. The apartments provide diversification and near-term opportunity through leasing the available unit and future rent management. Seller financing at 5% interest, amortized over 25 years with a five-year term, may offer qualified buyers an attractive alternative to conventional financing. The Qualified Opportunity Zone location and excess land add future flexibility for expansion or redevelopment, subject to zoning, governmental approvals and independent buyer investigation.

Property Description

• 760-778 W Wickenburg Way is a mixed-use investment featuring two commercial buildings, six one-bedroom apartments and excess land. The three parcels contain approximately 6,182 square feet of existing improvements on approximately 40,076 square feet, or 0.92 acre. The front commercial building offers a large training or operations area, private office, storage, IT room and accessible restroom features. The rear commercial building provides reception, private offices, a conference room, full bathroom and kitchen or break area. Five apartments are occupied and one is available for lease-up. The residential units provide income diversification, while the excess land may offer future expansion or development potential, subject to zoning and governmental approvals.

Opportunity Zone Advantage

• 760-778 W Wickenburg Way is located within a federally designated Qualified Opportunity Zone. Depending on the buyer’s investment structure and individual circumstances, the designation may provide tax-planning, improvement or redevelopment opportunities. The offering includes three parcels totaling approximately 40,076 square feet, or 0.92 acre, with excess land that may support future expansion, additional improvements or repositioning. Any future use is subject to zoning, governmental approvals and independent buyer investigation. Opportunity Zone location alone does not guarantee eligibility for tax benefits. Buyers should consult independent tax and legal advisors regarding Qualified Opportunity Fund requirements and potential benefits.

NNN Tenant and Income Stability

• The commercial portion is occupied by a national ambulance company under an NNN lease that began December 1, 2023, and continues through November 30, 2028. The lease provides contractual 3% annual base-rent increases and two additional five-year extension options. Current commercial base rent is $7,503.98 per month, or $90,047.76 annually. The tenant also provides approximately $7,791 annually in property-tax and insurance reimbursements. Six one-bedroom apartments create a separate residential income stream, with five units occupied and one available for lease-up. This combination provides income diversification and opportunities for growth through commercial rent increases, apartment lease-up and future residential rent adjustments.

Investment Summary

• Offered at $2,295,000, 760-778 W Wickenburg Way combines contractual commercial income, six apartments, seller financing and excess land. A national ambulance company occupies the commercial buildings under an NNN lease running through November 30, 2028, with 3% annual increases and two additional five-year options. The tenant reimburses property taxes and insurance. Five apartments are occupied and one is available for lease-up. Current gross potential income is $165,778.76. After applying a 5% vacancy allowance to multifamily income, EGI is $162,381.76. With operating expenses of $41,260, current NOI is $121,121.76, representing a 5.28% cap rate. Seller financing is available at 5% interest, amortized over 25 years with a five-year term, subject to approval.

Pro Forma and Growth Outlook

• The pro forma assumes a 5% increase in commercial base rent and multifamily rents of $995 per unit per month, with other income unchanged. Annual commercial base rent increases to $94,550.15, while multifamily base rent at full occupancy increases to $71,640. NNN reimbursements remain $7,791 and additional multifamily income remains $3,500. Total gross potential income is $177,481.15. A 5% vacancy allowance applied to multifamily income equals $3,757, producing EGI of $173,724.15. After operating expenses of $40,758, pro forma NOI is $132,966.15, representing a 5.79% cap rate at the $2,295,000 price. Additional growth may come from contractual rent increases, apartment lease-up and potential use of the excess land, subject to approvals.

Location and TSMC

• 760-778 W Wickenburg Way is prominently positioned along Wickenburg’s primary commercial corridor, providing convenient access to local businesses, residential neighborhoods, healthcare providers, restaurants, government services and historic downtown. Wickenburg is located near the convergence of U.S. Highways 60 and 93, connecting the community with the Phoenix metropolitan area, Northwest Valley, Kingman, Las Vegas and Northern Arizona. Local employment is supported by Wickenburg Community Hospital, The Meadows, Monte Nido Rosewood Ranch, emergency services, tourism, government and equestrian activities. The property is also within reach of North Phoenix’s expanding semiconductor corridor, where TSMC’s planned Arizona investment has grown to approximately $265 billion. Wickenburg’s highway access, healthcare employment, new housing, Western tourism and year-round recreation support continued demand for residential and commercial space.

New Development

• Locally, Wickenburg’s growth is reinforced by new residential development, introducing hundreds of new homes to the market. Additional employment drivers include healthcare services, emergency response operations, tourism, municipal services, education, and small-business commerce. As population growth expands westward and northward from the Phoenix metro area, Wickenburg is increasingly positioned as an affordable and accessible community within reach of major employment centers — supporting long-term housing demand and commercial stability.

The Meadows

• Wickenburg itself is home to several significant employers, including the internationally recognized The Meadows, a world-renowned behavioral health and addiction treatment campus that attracts patients from across the United States and internationally. This institution contributes to stable professional employment and year-round economic activity within the community. Additional local employment drivers include healthcare services, emergency response operations, municipal services, tourism, and Western heritage commerce. As Northwest Maricopa County continues to expand, Wickenburg is positioned to benefit from sustained population growth while maintaining its historic small-town character