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Key Details
Sold Price $910,000
Property Type Commercial
Listing Status Sold
Purchase Type For Sale
Subdivision Fountain Hills Az 302A
MLS Listing ID 6485857
Sold Date 06/07/24
Originating Board Arizona Regional Multiple Listing Service (ARMLS)
Year Built 1979
Annual Tax Amount $7,055
Tax Year 2021
Lot Size 0.500 Acres
Acres 0.5
Property Description
Automotive Center in Fountain Hills for sale. The property has a 10-year (NNN) lease in place with a current expiration date in Q1 2031. The current net operating income for 2022 is $60,000, resulting in a rate of $1.16/NNN. The lease has built-in 3% annual increases through the expiration of the lease. The tenant is responsible for real property taxes, insurance, and maintenance/repairs.
Location
State AZ
County Maricopa
Community Fountain Hills Az 302A
Zoning C-3
Direction Head South on AZ-51, take AZ-202 E exit continue to exit 13 toward AZ-87 for 14 miles. Then use the left two lanes to turn left onto E Shae Blvd, turn right onto Saguaro Blvd, property is on the right
Interior
Heating Other, See Remarks
Cooling See Remarks, Other
Flooring Other
Exterior
Garage Other (See Remarks)
Fence Other, See Remarks
Waterfront No
Roof Type See Remarks
Present Use Automobile
Building
Sewer Other
Water Other, See Remarks
Others
Senior Community No
Tax ID 176-08-598
Financing Other
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Bought with Keller Williams Arizona Realty
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