$1,506,982
Phoenix, AZ 85023
MLS# 6521331
1 / 30
Property Description
Zero Landlord Responsibilities: -Single Tenant, Ground Lease Investment Opportunity - Jiffy Lube. -Extremely Profitable Location for Corporate Operator -5 Years Remaining on Current Lease - Term with 2-5 Yr Options. -Tenant Has Strong Commitment to Site - Extended Base Term Early. -Proven Retail Location - In Operation at this Location. Since 1988 Attractive 3% Rental Increases Yearly. -Rare Corporate Guarantee with Shell Oil. Highly Trafficked Site - Combined 70,000+ AADT (W Bell Rd. & N 15th Ave.) -Densely Populated Area - Over 168,791 Residents within 3 Mile Radius. -High Growth Area - 14% Expected Growth in Population for 5 Mile Radius.
Details
Maps
Contract Info
Current Price: $1,506,982
List Price: $1,506,982
Status: Active
List Date: 2023-02-16
Ownership: Leasehold
Buyer/Broker: Y
Buyer Broker $/%: %
Location, Tax & Legal
Map Code/Grid: K34
House Number: 1414
Compass: W
Street Name: BELL
St Suffix: Road
City/Town Code: Phoenix
State/Province: AZ
Zip Code: 85023
Zip4: 3427
Country: USA
County Code: Maricopa
Legal Description (Abbrev): E 83.7F OF W 248.7F OF S 263.7F & ALSO N 68.7F OF S 263.7F OF W 165F OF SW4 SE4 EX W 40F RD & EX S
Assessor's Map #: 19
Assessor's Parcel #: 32
Assessor Parcel Ltr: K
Add'l Parcels: No
Assessor Number: 208-19-032-K
Census Tract: 618800
Legal: E 83.7F OF W 248.7F OF S 263.7F & ALSO N 68.7F OF S 263.7F OF W 165F OF SW4 SE4 EX W 40F RD & EX S
Tax Municipality: Phoenix
Taxes: 8134
Tax Year: 2022
General Property Description
Type of Property: Retail
Ttl Apx SqFt Bldg: 3141
# of Buildings: 1
Year Built: 1988
Uncvrd Parking Spcs: 5
Zoning: C-2
Flood Zone: No
Remarks & Misc
Cross Street: Bell Road and 15th Ave
Geo Lat: 33.640673
Geo Lon: -112.090878
Status Change Info
Status Change Date: 2023-02-16
Legal Info
Township: 4N
Range: 3E
Section: 31
Lot Number: K
Bay Info
# of Bays: 2
# of Bay Doors: 4
Income & Expenses
Owner Association: No
Operating Exp: 8134
Net Operating Income: 82884
Pmt & Rate Info
Cap Rate: 5.5
Equity: 1506982
Property Features
Building Type: Commercial; Other (See Remarks)
Current Use: Automobile; Retail; Other
Stories: 1 Story
Construction: Block
Roofing: Foam; Rolled
Floors: Concrete
Ceiling Height: 14.1 Feet to 16 Feet
Heating: Other
Cooling: Central A/C
Loading Facilities: Grade Level; Other (See Remarks)
Interior: Other (See Remarks)
Exterior: Other (See Remarks)
Fencing: Other
Parking: Free
Electric: Other (See Remarks)
Gas: Other (See Remarks)
Water: Other
Sewer: Other (See Remarks)
Showing Notification Methods: Phone Call
Lockbox Type: None
Source of Fincl Data: Other (See Remarks)
Reports/Disclosures: Other (See Remarks)
Use Restrictions: Other (See Remarks)
Environmental: Other (See Remarks)
Listing Office: West USA Realty
Last Updated: February - 25 - 2024
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