6600 Highway 179
Sedona, AZ 86351
Sedona Vista Village Shopping Center · Commerce de détail Propriété À vendre · 79 374 pi² Total

SEDONA VISTA VILLAGE | 52,927 SF RETAIL INVESTMENT | SEDONA, ARIZONA | VALUE-ADD INCOME OPPORTUNITY
Sedona Vista Village presents a rare opportunity to acquire a 52,927-square-foot multi-tenant retail property in Sedona, Arizona, one of the Southwest’s most recognized tourism and destination markets. Located at 6657 SR-179 on 6.52 acres, the property combines substantial in-place income with a compelling value-add leasing and NOI growth opportunity. The underwriting reflects a $17,100,000 offering price ($323/SF) and $1,078,728 of annualized in-place NOI, representing a 6.31% in-place capitalization rate.
The property is currently approximately 89% occupied, with 47,226 SF occupied and only 5,701 SF vacant, providing investors with immediate income while retaining identifiable upside through lease-up, renewals and future rent growth. Sedona Vista Village encompasses 52,927 rentable SF on approximately 6.52 acres and was originally constructed in 1990.
The center features a diverse tenant roster spanning restaurants, fitness/wellness, furniture, apparel, cellular, jewelry, specialty retail, arts and crafts, and service-oriented uses. Existing tenants include Dahl Baby Burger, Flagstaff Furniture, Village Yoga, Tortas De Fuego, Studio Pilates AZ, Russell Cellular, Sedona Drifters, Sedona Smoke, Oak Creek Arts & Crafts Show, All-A-Glow Handcrafted Jewelry and other local and specialty operators. The diversified tenant mix provides multiple income streams while reducing reliance on a single tenant or use category.
COMPELLING VALUE-ADD & NOI GROWTH
The investment strategy offers a clear path to increasing income through lease-up of existing vacancy, tenant renewals, contractual rent growth and mark-to-market leasing opportunities. Current underwriting assumes the lease-up of approximately 5,701 SF of vacant space, including a 5,494 SF suite, creating an opportunity for a new owner to increase occupancy and improve property-level cash flow.
Under the underwriting assumptions, NOI is projected to grow from approximately $1.03 million in Year 1 to $1.39 million by Year 4, representing approximately 35% NOI growth. Stabilized Year 4 NOI is projected at $1,393,064, resulting in an estimated 7.86% yield on cost based upon total projected project cost of approximately $17.72 million.
Longer-term projections illustrate additional embedded income potential, with NOI reaching approximately $1.46 million in Year 5, $1.54 million in Year 7 and $1.81 million in Year 10 under the underwriting assumptions.
INVESTMENT HIGHLIGHTS
• 52,927 SF multi-tenant retail / shopping center investment
• Sedona, Arizona – destination retail and tourism market
• High-visibility SR-179 location
• 6.52-acre site
• Approximately 89% occupied
• 5,701 SF of identified lease-up opportunity
• $17.1 million offering price / $323 per SF
• $1.079 million annualized in-place NOI
• 6.31% in-place capitalization rate
• Projected Year 4 NOI of $1.393 million
• Approximately 35% projected NOI growth from Year 1 to Year 4
• 7.86% projected stabilized yield on cost
• Diversified restaurant, retail, fitness, service and specialty tenant mix
• Value-add leasing and mark-to-market opportunity
• Existing cash flow with identifiable upside
• Potential fit for private investors, family offices, retail investment groups and value-add commercial real estate buyers
Sedona Vista Village offers investors a combination that is difficult to replicate: existing cash flow, a diversified multi-tenant rent roll, limited current vacancy, identifiable leasing upside and exposure to the Sedona market. The opportunity should appeal to investors seeking a value-add Arizona shopping center, destination retail property, multi-tenant retail investment or income-producing commercial real estate asset with meaningful NOI growth potential.
Financial projections and assumptions are illustrative and prospective purchasers should independently verify all property and financial information.