350 Jordan Rd 7 887 pi² Commerce de détail Immeuble Sedona, AZ 86336 6 810 510 $ CAD (863,51 $ CAD/pi²) 6,50% Taux de capitalisation

This rare Uptown Sedona offering consists of two strategically assembled and integrated commercial parcels totaling approximately 34,917 SF (±0.80 acres), improved with three freestanding buildings totaling 7,887 SF. The property occupies a distinctive block-long position extending from Jordan Road to Cedar Street along Apple Avenue and is 100% occupied by three established restaurant and retail tenants generating $318,353 in current annual NNN rent.
350 Jordan Road is improved with a 4,796± SF restaurant building occupied by Elote Cafe, one of Sedona's best-known dining destinations. The building underwent extensive renovation in 2019–2020 to accommodate Elote's relocation to the property and includes outdoor patio dining. Elote is led by James Beard Award-winning chef and cookbook author Jeff Smedstad and operates five evenings per week, Tuesday through Saturday.
274 Apple Avenue contains two freestanding commercial buildings: the 1,740 SF Cup Town Coffee building and the 1,351 SF Crystal Castle building. In addition to producing NNN rental income, the Apple Avenue parcel plays an integral role in the operation of the combined property by providing parking required to support Elote Cafe under a recorded reciprocal parking agreement. The Apple Avenue businesses operate during the day and close by 5:00 PM Tuesday through Saturday, allowing the parking areas to transition to Elote's evening use.
The two properties have been physically integrated through pedestrian access between the parcels and improved lighted sidewalks along the Jordan Road, Apple Avenue and Cedar Street frontages. The result is a difficult-to-replicate Uptown commercial property in which three income-producing buildings, coordinated parking and pedestrian access function together as a single assembled investment.
The property extends an entire block from Jordan Road to Cedar Street along Apple Avenue and includes 350 Jordan Road, home to Elote Cafe, together with 274 Apple Avenue, occupied by Crystal Castle and Cup Town Coffee.
The two parcels function as an integrated commercial property. 274 Apple Avenue provides parking required to support Elote Cafe's operation through a recorded reciprocal parking agreement, while simultaneously generating NNN rental income from two additional tenants.
The Apple Avenue businesses utilize the parking during their operating hours and close by 5:00 PM Tuesday through Saturday, making the combined parking available to support Elote Cafe's evening operations. Physical pedestrian access between the properties further integrates the combined site.