Investment Overview
I am pleased to present 760–778 W Wickenburg Way, a mixed-use investment combining a national ambulance company under an NNN lease, six one-bedroom apartments and excess land across three parcels totaling approximately 40,076 square feet, or 0.92 acre.
The executed Priority Ambulance Yavapai, LLC lease commences November 6, 2023 and provides a five-year initial term plus the initial partial month, with two additional two-year extension options. Current lease-year-3 base rent is $7,530.98 per month ($90,371.76 annualized), with 3% increases each December 1. Year-4 base rent is $7,756.90 per month.
The October apartment rent roll reports three occupied and three vacant apartments. Occupied units rent for $895 per month each, plus $50 per unit in scheduled utility charges. Vacant units 3, 5 and 6 are offered at $850 per month with a $300 move-in gift card. No new leases or confirmed move-ins were reported in the October 22 leasing update.
Current Scheduled Income and Lease-Up Potential
| Annual underwriting | Current occupancy | Illustrative lease-up |
|---|---|---|
| Commercial base rent | $90,371.76 | $90,371.76 |
| Apartment base rent | $32,220.00 | $62,820.00 |
| Apartment utility charges | $1,800.00 | $3,600.00 |
| NNN reimbursement assumption | $7,791.00 | $7,791.00 |
| Gross scheduled income | $132,182.76 | $164,582.76 |
| Apartment vacancy allowance | Vacant units excluded | ($3,321.00) |
| Move-in gift cards | — | ($900.00) |
| Operating expenses | ($41,260.00) | ($41,260.00) |
| Scheduled / projected NOI | $90,922.76 | $119,101.76 |
| Cap rate at $2,295,000 | 3.96% | 5.19% |
Updated October 24, 2026 using annual operating expenses confirmed unchanged at $41,260. The existing $7,791 annual NNN reimbursement assumption is carried forward and is subject to actual lease allocations and true-ups; scheduled utility charges assume collection. These are annualized underwriting figures, not audited collections or trailing actual NOI. Current vacant apartments contribute no rent. Lease-up retains three occupied rents at $895, adds three at $850, assumes $50 monthly utility charges on all six units, deducts 5% of apartment rent plus utility charges and three $300 gift cards, and holds commercial rent at the current year-3 rate. Actual lease timing and results may differ.
The executed lease controls the commercial rent used here. The historical payment summary used $7,503.98 rather than $7,530.98; the resulting $27 monthly / $297 eleven-month schedule variance is disclosed as a document discrepancy and is not represented as unpaid rent.
The asking price is $2,295,000. Seller financing is available at 5% interest, amortized over 30 years, with a five-year term, subject to seller approval, borrower qualifications and final written loan documents. Buyers must independently verify the reported Opportunity Zone location, zoning, development potential, leases, finances and all information material to their purchase.
Virtual Property Tour
Explore 760–778 W Wickenburg Way through the interactive 360-degree virtual tour. Review the commercial interiors, six-apartment component, courtyards, property frontage, overall configuration and relationship between the existing buildings and excess land. Select VIEW THE VIRTUAL TOUR to begin.
Location & Market Overview
760–778 W Wickenburg Way is prominently positioned along Wickenburg’s primary commercial corridor near established residential neighborhoods, healthcare providers, government services, restaurants, tourism destinations and community businesses.
Regional Connectivity: Wickenburg is located at the convergence of U.S. Highways 60 and 93, providing connections to the Northwest Valley, Phoenix, Kingman, Las Vegas and Northern Arizona.
Economic Drivers: Local activity is supported by healthcare, behavioral-health facilities, emergency services, tourism, equestrian events, government and small-business commerce.
Area Anchors: Major drivers include Wickenburg Community Hospital and Surgical Center, The Meadows and other behavioral-health providers, historic downtown Wickenburg and the community’s established Western and equestrian tourism base.
Long-Term Flexibility: Highway visibility, mixed-use configuration, contractual NNN income, apartment demand and excess land support multiple paths for continued income and future value creation.
Current Scheduled Underwriting | October 2026
$2,295,000
Asking Price
$132,182.76
Annual Gross Scheduled Income
$41,260
Annual Operating Expenses — Confirmed Unchanged
$90,922.76
Annual Scheduled NOI
3.96%
Scheduled Cap Rate at Asking Price
Apartment Leasing & Property Summary
3 of 6
Apartments Occupied
$850
Vacant Apartment Asking Rent / Month; $300 Move-In Gift Card
6
One-Bedroom Apartments
6,182 SF
Building Area
0.92 AC
Three-Parcel Land Area
Offering Memorandum & Property Flyer
Review the updated October 24, 2026 Offering Memorandum and one-page flyer for the national NNN tenancy, six apartments, three parcels, excess land, photographs and illustrative seller-financing terms.
The materials reflect three occupied apartments, $850 asking rent and a $300 move-in gift card for each vacant apartment, and the executed commercial lease schedule. With annual operating expenses confirmed unchanged at $41,260, current scheduled NOI is $90,922.76 (3.96% at asking) and projected lease-up NOI is $119,101.76 (5.19%). The existing $7,791 annual NNN reimbursement assumption is carried forward, subject to actual allocations and true-ups. Scheduled income is not collected income; see the underwriting assumptions above and in the OM.
Contact Linda Gerchick, CCIM, with questions or to schedule a confidential discussion. The property is tenant occupied; please do not disturb tenants. Buyer must independently verify all information.
Property Documents & Due Diligence
The following uploaded property documents are available for review:
- Apartment Rent Roll—Prepared October 12, 2026; Data as of October 6
- Apartment General Ledger – January 1–September 30, 2026
- Historical NNN Payment Summary—Subject to Lease Reconciliation
- NNN Lease Summary—Corrected October 24, 2026
- 2025 Property Profit and Loss Statement
- Appraiser Building Sketch and Measurements—Six Apartments
- Appraiser Building Footprint—Two Commercial Buildings
- Rear Administrative Building Floor Plan and Measurements
- Front Commercial Building Floor Plan and Measurements
- Plat Map—Three Property Parcels
- Schedule of Personal Property Included in Sale
- Seller’s Property Disclosure Statement
- Property Insurance Loss Run
- Arizona Market Conditions Advisory
- Lead-Based Paint Disclosure
Use the corrected October 24 lease summary for contractual base rent and option terms. Current underwriting uses the executed lease; the historical payment-summary discrepancy is disclosed and is not a claim of unpaid rent. Annual operating expenses are confirmed unchanged at $41,260. Scheduled and projected NOI are shown above; actual receipts, reimbursements and expense records remain subject to buyer verification. The 2025 statement is historical.
Complete tenant leases are not publicly posted and will be provided only after the property is under contract to protect tenant privacy.
Explore photographs of the commercial buildings, six-apartment component, interior layouts, courtyards, property frontage, parking and excess land. Select any image to enlarge it and move through the gallery. The property is tenant occupied; please do not disturb the commercial or residential tenants. Private showings are available by appointment only.
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