$2,750,000
Phoenix, AZ 85018
MLS# 6337003
Status: Closed
3650 sqft
1 / 1
Property Description
If you are looking for one of the largest smoke shop in the Valley with staff in place with the owner that produces over $960,000 net profit in the owner pocket after all expenses with an amazing seller financing terms and solid client base in a great location surrounded by corporate tenants with over 18 years of existence then look not further. This smoke shop is situated in a 3650 sq.ft. stand-alone building with tons of frontage view to a major road surround by corporate tenants that bring a lot of traffic. The lease is amazing as well at $5,400 per month all in with 14 years left and options. The store boasts around $300,000 of the top of market inventory, carefully selected from years of experience from the owner and included in the price.
Details
General Property Description
Ttl Apx SqFt Bldg: 3650
Uncvrd Parking Spcs: 15
Contact Info
List Agent Home Phn: 623-236-0836
Sold Info
Loan Type: Cash
Closing Cost Split: Normal - N
Buyer Concession $/%: $
Seller Concession $/%: $
Contract Info
Current Price: $2,750,000
Sold Price: $2,750,000
Status: Closed
List Date: 2022-01-03
Location
Map Code/Grid: L31
House Number: 0000
Compass: W
Street Name: XXXXXXXX
St Suffix: Avenue
City/Town Code: Phoenix
State/Province: AZ
Zip Code: 85018
Country: US
County Code: Maricopa
Assessor Number: 000-00-000
Remarks Misc
Geo Lat: 33.461739
Geo Lon: -112.270512
Status Change Info
Off Market Date: 2022-05-10
Under Contract Date: 2022-05-02
Close of Escrow Date: 2022-05-10
Sold Price: $2,750,000
Income Expenses
Net Operating Income: 960000
Property Features
Business Type: Retail
Form of Ownership: Other - See Remarks
Sale Price Includes: Goodwill; Equipment; Inventory; Lease Value
Lease Information: Other - See Remarks
Hours of Operation: Other - See Remarks
Type of Lease: Other - See Remarks
Business Age: 10+ Years
Current Ownership: 10+ Years
Expenses Include: See Remarks
Source of Fincl Data: Owner
Parking Features: Other
Electric: Other (See Remarks)
Gas: Other (See Remarks)
Water Source: See Remarks
Sewer: Other
Heating: See Remarks
Cooling: See Remarks
Lockbox Type: None
Current Financing 1: See Remarks
Current Financing 2: See Remarks
Current Financing 3: See Remarks
New Financing: Cash; Seller Approve Terms
Environmental: Other (See Remarks)
Listing Office: American Realty Brokers
Office Phone: 602-955-6606
Last Updated: April - 01 - 2025
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