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0000 E XXXXXXXXX Avenue, Tempe, AZ 85283
$650,000
Property Type:
Business Opportunity
Square Footage:
1,200
Status:
Closed
Current Price:
$650,000
Last Modified:
3/02/2025
Description
Try and find a store with prove-able $300,000 annual net profit and a lease of only $2500 per month for 1600 sq.ft. and $150,000 in inventory included in the price and you wont find it until now especially an absentee-run store. Seller has years worth of records and confident by the numbers and willing to carry the inventory and some of the price. Producing around $150,000 in gross sales monthly as well as a take home of $25,000+ per month and at this price it will be gone quick. The shop also boasts all the shelving and showcases you will need as well as a humidifier room for cigars. The lease is spectacular as well at only $2500 per month. Currently has three employees in place that runs the store to perfection and can be ran absentee or semi-absentee its up to you.
More Information MLS# 6136840
General Property Description
Ttl Apx SqFt Bldg: 1200
Uncvrd Parking Spcs: 10
Income & Expenses
Annual Gross Sales: 1800000
Owners Draw Included: No
Annual Owners Salary: 0
Annual Mngr Salary: 0
Anl Int (Non-RelEst): 0
Annual Depreciation: 0
Annual Fringes: 0
Adjusted Net Income: 0
Apx Value of Cash: 0
Ap Val Frn,Fxt & Eqp: 65000
Apx Val Inventory: 150000
Business Type
Retail: 1
Pmt & Rate Info
Equity: 650000
Down Payment %: 0
Total Owed: 0
Lockbox Type
None: 1
Type of Lease
Other - See Remarks: 1
Form of Ownership
Other - See Remarks: 1
Sale Price Includes
Goodwill: 1
Equipment: 1
Inventory: 1
Lease Value: 1
Lease Information
Other - See Remarks: 1
Hours of Operation
Other - See Remarks: 1
Business Age
5 - 10 Years: 1
Heating
Other: 1
See Remarks: 1
Current Ownership
5 - 10 Years: 1
Cooling
Other: 1
See Remarks: 1
Expenses Include
See Remarks: 1
Business/Tenant Pays
Other: 1
Source of Fincl Data
Owner: 1
Water Source
See Remarks: 1
Sewer
Other: 1
Parking Features
Other: 1
Electric
Other (See Remarks): 1
Gas
Other (See Remarks): 1
New Financing
Cash: 1
Owner May Carry: 1
Current Financing 1
See Remarks: 1
Current Financing 2
See Remarks: 1
Current Financing 3
See Remarks: 1
Reports/Disclosures
Other (See Remarks): 1
Environmental
Other (See Remarks): 1
Contact Info
List Agent Home Phn: 623-236-0836
Sold Info
Loan Type: Other
Closing Cost Split: Normal - N
Payment Type: Other
Buyer Concession to Seller: 0
Buyer Concession $/%: $
Seller Concession to Buyer: 0
Seller Concession $/%: $
Contract Info
Current Price: $650,000
Sold Price: $650,000
Status: Closed
List Date: 2020-09-24
Location
Map Code/Grid: L31
House Number: 0000
Compass: E
Street Name: XXXXXXXXX
St Suffix: Avenue
City/Town Code: Tempe
State/Province: AZ
Zip Code: 85283
County Code: Maricopa
Assessor Number: 000-00-000
Remarks Misc
Geo Lat: 33.385778
Geo Lon: -111.933914
Status Change Info
Off Market Date: 2021-01-13
Under Contract Date: 2020-12-28
Close of Escrow Date: 2021-02-04
Sold Price: $650,000
Income Expenses
Net Operating Income: 300000
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: 5 - 10 Years
Current Ownership: 5 - 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: Other; See Remarks
Cooling: Other; See Remarks
Lockbox Type: None
Current Financing 1: See Remarks
Current Financing 2: See Remarks
Current Financing 3: See Remarks
New Financing: Cash; Owner May Carry
Environmental: Other (See Remarks)
Listing Office:
American Realty Brokers
Last Updated: March - 02 - 2025
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