0000 W XXXXXXXX Avenue, Glendale, AZ 85305
$650,000
Property Type:
Business Opportunity
Square Footage:
6,000
Status:
Closed
Current Price:
$650,000
Last Modified:
10/07/2024
Description
Hurry up this will go quick especially since it is absentee-run. This bar sits right in the heart of the Westgate Entertainment District which is very busy part of the West Valley near the Cardinals Stadium and Casino and the soon to open new large amusement park and resort and has tons of traffic as it has perfect placement in the heart of Westgate. The owner oversees the operation and the new owner should have no problem doing the same. The buildout costed over $500,000. The lease is amazing for being priced so well for the location and long-term with 8 years remaining and a 5 year option at only $22,000 with all CAMS included for a total of 6000 sq.ft. which is way below the market in the whole complex and area in general. This Bar has a full bar and a lots of TV'S and seating.
More Information MLS# 6646649
General Property Description
Ttl Apx SqFt Bldg: 6000
Uncvrd Parking Spcs: 1500
Income & Expenses
Annual Gross Sales: 2035000
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: 200000
Business Type
Food & Beverage: 1
Pmt & Rate Info
Equity: 1000000
Down Payment %: 0
Total Owed: 0
Showing Notification Methods
Showing Service: No Showing Service Used
Lockbox Type
See Private Remarks: 1
Type of Lease
Other - See Remarks: 1
Form of Ownership
Other - See Remarks: 1
Sale Price Includes
Goodwill: 1
Equipment: 1
Lease Value: 1
Liquor License: 1
Cvnt not to Compete: 1
Lease Information
Other - See Remarks: 1
Hours of Operation
Other - See Remarks: 1
Business Age
1 - 3 Years: 1
Heating
See Remarks: 1
Current Ownership
1 - 3 Years: 1
Cooling
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
Seller Approve Terms: 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: Cash
Closing Cost Split: Normal - N
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: 2024-01-05
Location
House Number: 0000
Compass: W
Street Name: XXXXXXXX
St Suffix: Avenue
City/Town Code: Glendale
State/Province: AZ
Zip Code: 85305
County Code: Maricopa
Assessor Number: 000-00-000
Remarks Misc
Geo Lat: 33.534903
Geo Lon: -112.26135
Status Change Info
Off Market Date: 2024-10-06
Under Contract Date: 2024-09-02
Close of Escrow Date: 2024-10-06
Sold Price: $650,000
Income Expenses
Net Operating Income: 320000
Property Features
Business Type: Food & Beverage
Form of Ownership: Other - See Remarks
Sale Price Includes: Goodwill; Equipment; Lease Value; Liquor License; Cvnt not to Compete
Lease Information: Other - See Remarks
Hours of Operation: Other - See Remarks
Type of Lease: Other - See Remarks
Business Age: 1 - 3 Years
Current Ownership: 1 - 3 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: See Private Remarks
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
Last Updated: October - 07 - 2024
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