$675,000
Phoenix, AZ 85040
MLS# 5867332
Status: Closed
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Property Description
PRIME LONGSTANDING SHELL GAS (4 Total) FUEL CONTRACTS WITH SHELL, HEAVEY TRAFFIC CENTRAL, DEEP DEMOGRAPHICS 5 MI RADIOUS, CLEAR VISIBILITY WITH CROSS STREETS, HIGH CANOPY, C-STORE AND GAS FIIN PROFORMA ATTACHED WITH PROPERTY PROFILE.Shell Fuel Agmt exp: 5/6/26; AMAZING FULL 14.2% CAP RATE! F/C. MANAGED WELL. MAKE OFFER, OWNER ANXIOUS~
Details
Maps
Documents
Contract Info
Current Price: $675,000
Sold Price: $675,000
Status: Closed
List Date: 2019-01-09
Ownership: Fee Simple
Buyer/Broker: Y
Buyer Broker $/%: %
Location, Tax & Legal
Map Code/Grid: R34
House Number: 5448
Compass: S
Street Name: CENTRAL
St Suffix: Avenue
St Dir Sfx: S
City/Town Code: Phoenix
State/Province: AZ
Zip Code: 85040
Zip4: 3051
Country: USA
County Code: Maricopa
Legal Description (Abbrev): LOT 20 BLOCK 1 TOWNSEND PARK BLKS 1,2,3 MCR 003430
Subdivision: TOWNSEND PARK BLKS 1,2,3
Assessor's Map #: 41
Assessor's Parcel #: 20
Add'l Parcels: No
Assessor Number: 113-41-020
Census Tract: 115802
Legal: LOT 20 BLOCK 1 TOWNSEND PARK BLKS 1,2,3 MCR 003430
Tax Municipality: Phoenix
Taxes: 12000
Tax Year: 2017
Marketing Name: Shell Gas
General Property Description
Type of Property: gas station
Ttl Apx SqFt Bldg: 2050
# of Buildings: 1
Year Built: 1980
Volts/Amps: 3
Uncvrd Parking Spcs: 25
Zoning: commercial
Remarks & Misc
Cross Street: Central Ave/S of Broadway/N of Southern W side Cnt
Directions: Vast, fast and consistent traffic and cash flow to this long standing successful gas station, C-Store yielding over 14.3% Cap Rate over a long period! See confirmed Financial Proforma attached. Go!
Geo Lat: 33.396006
Geo Lon: -112.07372
Status Change Info
Status Change Date: 2019-09-16
Off Market Date: 2019-08-16
Under Contract Date: 2019-06-27
Close of Escrow Date: 2019-09-15
Sold Price: $675,000
Legal Info
Township: 1N
Range: 3E
Section: 29
Lot Number: 20
Bay Info
# of Bays: 4
Bay Door Height: 28
Income & Expenses
Annual Elec Exp: 3855
Annual Gas Exp: 626912
Annual Ins Exp: 5013
Annual Landscape Exp: 3200
Annual Legal & Acctg: 5000
Annual Maint Exp: 17300
Annual Mgmt Exp: 97377
Annual Trash Exp: 2100
Annual Wtr/Swr Exp: 1200
Owner Association: No
Annual Rplcmnt Rsrvs: 3499
Annual Other Expense: 59420.84
Operating Exp: 836876.84
Gross Annual Sch Inc: 1045527
Other Income: 146479
Adjusted Gross Inc: 1192006
Net Operating Income: 168093
Pmt & Rate Info
Down Payment: 10
Cap Rate: 22.26
1st Interest Rate: 4.5
1st Payment Freq: None
2nd Payment Freq: None
Equity: 755000
Contact Info
List Agent Hme Phn 2: 4809484881
Sold Info
Loan Type: SBA
Loan Years: 25
Payment Type: Fixed
Clsing Cost Split: Normal - N
Buyer Concession $/%: $
Seller Concession $/%: $
Property Features
Building Type: Commercial; Industrial
Current Use: Mixed Use; Service Business; Retail PAD; Automobile; Packge Store(Liquor); Fast Food; Retail; Food Service; Other; See Remarks
Stories: 1 Story
Construction: Block; Stucco; Brick; ICAT Recessed Lights
Roofing: Built-Up; Tile; Foam
Floors: Concrete; Ceramic Tile
Ceiling Height: 28.1 Feet or Over
Heating: Heat Pump
Cooling: Central A/C; Office A/C
Loading Facilities: Grade Level
Interior: Finished; Smoke Detector(s); Security System; Security Light(s); Security Camera(s); Safe/Vault; Phone System; Private Restrooms; Public Restrooms
Exterior: Corner Lot; Dual Street Ftg; Landscaping; Roof Sign; Building Sign; Monument Sign; Security Light(s); Security Camera(s)
Fencing: Block; Chain Link; None
Amenities: Skylight(s); Display Window(s)
Parking: Free; Fee; Public Parking; Private Parking; Paved Parking
Electric: SRP; City Electric; Individual Meter; 3 Phase Power; Solar
Gas: SW Gas; City Gas; Underground; Propane Bottled; Propane Piped; Individual Meter
Water: City Franchise; Master Meter; Individual Meter
Sewer: Sewer - Public
Freeway/Highway: Access
Source of Fincl Data: Provided by Owner; Provided by Accntnt; Books Shown; Other (See Remarks)
Existing 1st Loan: Treat as Free&Clear
Existing 1st Ln Type: Not Applicable
Existing 1st Ln Trms: Not Applicable
Existing 2nd Loan: Private; Treat as Free&Clear; SBA
Existing 2nd Ln Type: Not Applicable
Existing 2nd Ln Trms: Not Applicable
Existing 3rd Loan: Treat as Free&Clear; Other (See Remarks)
Existing 3rd Ln Type: Not Applicable
Existing 3rd Ln Trms: Not Applicable
Existing Othr Ln Trm: Not Applicable
Roads/Streets: Asphalt; Dedicated Street; Sidewalk(s)
Traffic Count: 35,001 to 50,000
Reports/Disclosures: Seller Prop Disc Stm; Other (See Remarks)
Environmental: Fuel/Chemical Tanks
2017 Financial Statements 5448 S Central 
Listing Office: Landnet Ventures LLC
Last Updated: September - 16 - 2019
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