The Property
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. Contact us today to learn more and schedule a tour!
Virtual Tour-Check it out!
If you‘re interested in exploring the features of this property without leaving the comfort of your home, I highly recommend checking out the virtual tour. By clicking on the link provided, you’ll have the opportunity to experience a 360-degree view of the property, giving you a more immersive and interactive perspective. So why not take advantage of this convenient and innovative tool and discover what this property has to offer?
A short Video to show just how busy this very successful business is!
If you‘re interested in exploring the features of this property without leaving the comfort of your home, I highly recommend checking out the virtual tour. By clicking on the link provided, you’ll have the opportunity to experience a 360-degree view of the property, giving you a more immersive and interactive perspective. So why not take advantage of this convenient and innovative tool and discover what this property has to offer?
Location
Quartzsite, Arizona Area Overview
Nestled in the Sonoran Desert of western Arizona, Quartzsite is a unique gem of a town with a rich history, vibrant seasonal economy, and a distinctive charm that attracts visitors from around the globe. Known as the “Rock Capital of the World,” Quartzsite is celebrated for its thriving gem and mineral markets, drawing enthusiasts, collectors, and traders to this desert community every year.
Geography and Climate
Located at the crossroads of Interstate 10 and U.S. Route 95, Quartzsite sits approximately 20 miles east of the California border and 125 miles west of Phoenix. Its strategic location makes it a convenient destination for snowbirds and travelers. The area boasts an arid desert climate, characterized by warm winters and scorching summers, ideal for outdoor activities and gem hunting during the cooler months.
History
Quartzsite’s origins date back to the mid-1800s when it served as a stagecoach stop and gold mining outpost. Its name derives from the quartz rock found abundantly in the area, a testament to its geological significance. Over the years, Quartzsite has evolved from a mining town into a bustling seasonal community renowned for its outdoor markets and RV-friendly lifestyle.
Gem and Mineral Market
Quartzsite’s gem and mineral markets are the crown jewels of its economy and culture. The town transforms into a bustling hub of activity during the winter months, hosting an array of rock, gem, and mineral shows that are among the largest in the world.
- Quartzsite Gem & Mineral Show and Swap Meet: Held annually in January and February, this event features thousands of vendors offering a dazzling array of gemstones, minerals, fossils, beads, and handcrafted jewelry. It’s a paradise for collectors and hobbyists, providing rare finds and unique treasures.
- Tyson Wells Rock & Gem Show: Another major event, this show attracts vendors and buyers from around the globe. Visitors can explore an eclectic mix of merchandise, from raw mineral specimens to polished gemstones and artisan crafts.
- Prospecting Opportunities: Beyond the markets, the surrounding desert offers ample opportunities for amateur prospectors to search for their own quartz crystals, agates, and other minerals.
Lifestyle and Amenities
Quartzsite is well-known for its RV-friendly culture, with numerous RV parks and camping facilities catering to the influx of seasonal residents, affectionately called “snowbirds.” These visitors flock to Quartzsite to escape colder climates and immerse themselves in the town’s relaxed, community-oriented atmosphere.
- Outdoor Activities: The desert landscape surrounding Quartzsite provides endless opportunities for hiking, off-roading, and wildlife viewing. Popular destinations include the Kofa National Wildlife Refuge and the nearby Colorado River.
- Community Events: In addition to gem shows, the town hosts swap meets, craft fairs, and the annual Quartzsite Sports, Vacation & RV Show, one of the largest RV events in the U.S.
- Local Dining: Visitors can enjoy a selection of local diners and cafes offering hearty meals and classic Southwestern flavors. Food trucks often set up during the gem shows, adding to the vibrant scene.
Real Estate and Economy
Quartzsite’s real estate market is diverse, with options ranging from affordable RV lots to small single-family homes. The town’s economy thrives on tourism and seasonal markets, with additional contributions from small businesses and services catering to visitors.
Why Visit Quartzsite?
Quartzsite’s unique blend of natural beauty, rich geological heritage, and community spirit makes it a must-visit destination. Whether you’re a gem enthusiast, an RV traveler, or someone seeking a distinctive desert experience, Quartzsite offers something for everyone.
From its world-renowned gem and mineral shows to its welcoming community and scenic surroundings, Quartzsite truly shines as a hidden gem in the Arizona desert.
Sale Price
NNN Absolute Income
This is an Absolute NNN Property
Net Operating Income
Cap Rate
Offering Memorandum and Marketing Flyer
To access the Offering Memorandum or the one page Flyer, simply click on the button located below. From there, you’ll be able to download the document in PDF format.
Our Offering Memorandum is an essential resource for anyone who is considering investing in our opportunity. It includes all the necessary information, such as the investment terms, potential risks, financial projections, and more. By reviewing this document, you’ll have a complete understanding of what the investment entails.
If you have any questions or would like to learn more about our investment opportunity, please don’t hesitate to reach out to us. We’re always happy to answer any questions and provide you with the information you need to make an informed decision.
Thank you for considering our investment opportunity, and we hope to hear from you soon!
Documents
List of Improvements
Floor Plans and Appraiser Measurements
Platt Map and/or CCRs
Seller Property Disclosure
We‘d like to invite you to check out the additional photos we have uploaded to our website for our property. These photos offer a more detailed view of the property from various angles and perspectives, giving you a better understanding of its layout and features. Take a few moments to browse through these photos to see for yourself what our property has to offer. We believe that they will provide you with a better insight into our property. Thank you for considering this property, and please don’t hesitate to contact us if you have any questions.
Linda‘s Newest Book on Amazon “The Queen of Fourplexes tells all!’
Make sure you check out Linda’s new book: Stories of Real Estate but learn as you go!
Stay on top of what’s happening in Arizona Real Estate!
Be sure to take a look at Linda Gerchick’s Practical Guide to Commercial Real Estate, which is now accessible on Amazon!