The subject property is a rare freestanding retail building in Payson with its own parking lot and a receiving area on the south side. This property is the only one of its type currently available in Payson.

The building is currently occupied by Habitat for Humanity ReStore. They will vacate the property with advance notice to be agreed upon once a new lease for the property has been executed. It is expected that they will request 60 days to vacate.

The property is just north of the very busy intersection of the Beeline Highway (AZ 87) and Highway 260 in the heart of the Payson retail business core. Walmart, the busiest retail store in Payson, is just south of the property and across the street. Many other major retailers are located close to the property.

Located only a quick and very scenic hour and a half drive from Phoenix, Payson offers a cool and relaxed retreat in the pines. At 5,000 feet of elevation, the weather is much milder than Phoenix and is usually 10-15 degrees cooler than Phoenix. A beautiful, relatively new four lane highway connects Phoenix to Payson.

Major retailers like Walmart, Home Depot, Safeway, Basha’s, PetSmart, Goodwill, Dollar Tree, Big Lots, Big 5 Sporting Goods, Tractor Supply & a new Harbor Freight, as well as all the big chain fast-food restaurants are located in Payson. Some of these restaurants are rumored to be the highest volume stores in Arizona. On summer weekends, the highways in and out of Payson are extremely busy since Payson is the first stop for people headed north in Arizona.

The demographics are not representative of how busy Payson is due to tourist traffic, trucking and part-time residents. Payson is a busy gateway hub to northeast Arizona towns and recreation spots.

Payson has enjoyed a huge economic boom in the past two years. Many home values have doubled in this short time based on demand from people moving here or buying second homes.

Walter Knoll is the owner of this property. Please call him directly for leasing information.

• Ideal location near the intersection of Hwy 87 & 260
• Rare M-1 Industrial Zoning
• Approx. 2,384 SF Office + 1,300 SF Warehouse
• Large Fenced Storage Yard
• Concrete Parking Lots
• Building and Monument Signage
• Across the Street from the New Payson Senior Center
• Just Down the Street from Payson High School
• Visible from Longhorn Road
• 400 Amps, 120/240V Single Phase
• Parcel #304-56-003

Download the Floor Plan

Download the 107 N Tonto St. Sales Flyer

The subject property is a high-visibility retail strip center that was built in 1972. The property is part of the well-known development named Swiss Village containing a mix of single and multi-tenant properties that are all in-line and adjacent to each other, similar to condos but with no association. Each owner is responsible for their own maintenance and expenses. All the space in the center directly faces the Beeline Highway (AZ 87) offering all tenants excellent visibility.

The intersection has a traffic light. There is a large monument sign in the middle of the center.

The center is offered at well below replacement cost at only $89/sq. ft. The cap rate based on the current 97% occupancy is 7.61%. The cap rate at proforma 95% occupancy is 7.5%. The rents are very low and average $10.24/ sq. ft. modified gross. Average retail rents in Payson are $12.11/ sq. ft. NNN and the most similar strip centers are asking $10.00 to $11.00 NNN. There is $3.00/ sq. ft. of rent upside by just converting the leases to triple net.

Some minor property, landscaping and signage upgrades would put the center in position to achieve those rents.

The adjacent La Sierra Mexican Restaurant, a very popular business that is owner-occupied, is not included. They contribute $600 per year toward the Common Area expenses.

Located only a quick and very scenic hour and a half drive from Phoenix, Payson offers a cool and relaxed retreat in the pines. At 5,000 feet of elevation, the weather is much milder than Phoenix and is usually 10-15 degrees cooler than Phoenix. A beautiful, relatively new four lane highway connects Phoenix to Payson.

Major retailers like Walmart, Home Depot, Safeway, Basha’s, PetSmart, Goodwill, Dollar Tree, Big Lots, Big 5 Sporting Goods as well as all the big chain fast-food restaurants are located in Payson. Some of these restaurants are rumored to be the highest volume stores in Arizona. On summer weekends, the highways in and out of Payson are extremely busy since Payson is the first stop for people headed north in Arizona.

The subject property is a very popular family restaurant with a large patio surrounded by large trees, two dining rooms and a bar. This restaurant has only been open just over a year but has already received a number of Best of Payson awards and is one of the most popular restaurants in Payson. Specializing in award winning barbecue, they also recently added wood fired pizza that is cooked in the new large pizza oven located on the patio. Their pizza is already known as the best in town.

Located in a prime location on Main Street near Highway 87 on over an acre, there is lots of parking and room on the patio for seating with awnings, yard games and a bar. There is live entertainment on Fridays on the patio. The restaurant is open Tuesday through Saturday 11:00 am to 8:00 pm.

The building was completely remodeled in 2021 and an all-new kitchen was installed at that time. All the fixtures and equipment are new including stainless steel-clad walls.

There is a one-bedroom/ one bath apartment above the front dining room.