2226 W Camelback Road

    Phoenix, AZ 85015
    • $769,000
    • STATUS: Active Under Contract
    • ON SITE: 389 days
    • MLS #: 5920608
    Under Contract
    UPDATED: 160 min ago
    $769,000
    • 0
      BEDS
    • 0.37
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 1,041
      SQFT
    • $739
      $/SQFT
    Neighborhood:
    Type:
    Commercial
    Built:
    1980
    County:
    Area:

    School Ratings & Info

    Description

    Used car lot and used car sales. This property is leased on a NNN lease and is an ideal investment opportunity offering phenomenal 10.14% cap rate. The current tenants lease is up but wants to sign a new 5 year Triple Net lease if you are looking for an investment. If you are an owner occupier it can be vacant within 30 days. This lot has been consistently leased for years on a triple net lease offering a great return. The previous tenant grossed over $3M per year. Includes mechanics car lift, prominent neon and fluorescent pole sign. Well lit sales area. Holds 52 cars. Prime location on busy Camelback Rd just east of I-17. High traffic count. Next to Discount Tire, near Bill Luke Chrysler Jeep and 3 blocks from the Light Rail. Opposite new mall development.

    Monthly Payment Calculator



    © 2020 Arizona Regional Multiple Listing Service, Inc. All rights reserved. All information should be verified by the recipient and none is guaranteed as accurate by ARMLS. The ARMLS logo indicates a property listed by a real estate brokerage other than Klaus Team Real Estate Solutions | Keller Williams Integrity First. Data last updated 2020-05-28T00:11:38.223.
    www.klausteam.com/homes/94410319

    2226 W Camelback Road Phoenix, AZ 85015

    • Price: $769,000
    • Status: Active Under Contract
    • Updated: 160 min ago
    • MLS #: 5920608
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.37
    Acres
    1,041
    SQFT
    $739
    $/SQFT
    1980
    Built
    Neighborhood:
    Camelback Gardens
    County:
    Maricopa
    Area:
    Phoenix
    Property Description
    Used car lot and used car sales. This property is leased on a NNN lease and is an ideal investment opportunity offering phenomenal 10.14% cap rate. The current tenants lease is up but wants to sign a new 5 year Triple Net lease if you are looking for an investment. If you are an owner occupier it can be vacant within 30 days. This lot has been consistently leased for years on a triple net lease offering a great return. The previous tenant grossed over $3M per year. Includes mechanics car lift, prominent neon and fluorescent pole sign. Well lit sales area. Holds 52 cars. Prime location on busy Camelback Rd just east of I-17. High traffic count. Next to Discount Tire, near Bill Luke Chrysler Jeep and 3 blocks from the Light Rail. Opposite new mall development.
    Exterior Features

    Construction BlockTilt-Up Covered Parking Spaces 0.00 Exterior Features Building SignPole SignSecurity Light(S)Storage Yard Fencing Security Freeway Highway Up To 1 Mile Parking Paved Parking Roads Asphalt Roofing Foam Stories 1 Story Total Parking Spaces 52.00 Uncovered Parking Spaces 52.00

    Interior Features

    Amenities KitchenReception Room Ceiling Height 8.1 Feet To 10 Feet Cooling Central A/COffice A/C Flooring Concrete Heating Electric Interior Features Finished

    Property Features

    Adjusted Gross Inc 0.00 Annual Elec Exp 0.00 Annual Gas Exp 0.00 Annual Ins Exp 0.00 Annual Land Lse Exp 0.00 Annual Landscape Exp 0.00 Annual Legal And Acctg 0.00 Annual Maint Exp 0.00 Annual Mgmt Exp 0.00 Annual Other Expense 0.00 Annual Rplcmnt Rsrvs 0.00 Annual Trash Exp 0.00 Annual Wtr Swr Exp 0.00 Building Type Commercial Cross Street Camelback & 22nd Ave Current Use AutomobileRetail Electric 3 Phase PowerApsOver 220 Amp Gas None Gross Annual Sch Inc 0.00 Hoa Fee 0.00 Hoa YN No Loading Facilities Drive-In Door(S) Lot Number 15 Net Operating Income 82900.00 Operating Exp 4750.00 Other Income 0.00 Ownership Fee Simple Pad Fee 0.00 Sewer Sewer - Public Source Of Financial Data Provided By Owner Taxes 4750.00 Traffic Count 35001 To 50000 UCB Ucb (Under Contract-Backups) Vacancy Allowance 0.00 Water City Franchise Zoning C2

    Listing courtesy of Century 21 Arizona Foothills.


    © 2020 Arizona Regional Multiple Listing Service, Inc. All rights reserved. All information should be verified by the recipient and none is guaranteed as accurate by ARMLS. The ARMLS logo indicates a property listed by a real estate brokerage other than Klaus Team Real Estate Solutions | Keller Williams Integrity First. Data last updated 2020-05-28T00:11:38.223.
     
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