$1,320,000
Red Rock, AZ 85245
MLS# 22502885
2400 sqft
1 / 2
Property Description
NNN Lease in year 12 of 20 year lease; 3% annual increases; Current Mo. Rent at $5,536.93 and Annualized at $66,443.16; Next 3% increase on 11.01.2023 with increased Mo. Rent Adjustment of $5,703.02. Zoning: CB-2, Pinal County - Commercial CB-2 GENERAL BUSINESS ZONE Any use permitted in PCDSC 2.85.010(B) through (J) (TR transitional zone) and in PCDSC 2.90.010 (CB-1)
Details
Address Information
Street #: 16265
Direction: E
Street Name: Peak
Suffix: Lane
State/Province: AZ
Zip Code: 85245
County: Pinal
Country: USA
Location Tax Legal
Tax Code: 410-05-005B
Area: Pinal
Contract Information
Current Price: $1,320,000
List Price: $1,320,000
Listing Date: 2025-01-30
Status: Active
Short Sale: No
General Property Information
Property Sub-Type: Retail
Year Built: 1987
Lot Dimensions: irregular
Lot Acres: 4.21
Lot Sqft: 183388
Lot Size Source: Assessor
Combined SqFt: 2400
Source of SqFt: Assessor
List Price/SqFt: 550
Lot Size Price/SqFt: 7.2
Remarks Misc
Geo Lat: 32.644672
Geo Lon: -111.393704
Income
Net Opp Income: 66443
Property Features
Construction: Concrete Block
Sewer: Septic
Traffic Count: Over 200,000
Terms: Cash; Conventional; Submit
Possession: See Remarks
Submit With Offer: Proof of Funds
Property Disclosures: Leases
Special Conditions: None
Listing Office: Buckelew Realty
Last Updated: January - 30 - 2025
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