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0000 W XXXXXXXXX Avenue, Glendale, AZ 85305
$1,800,000
Property Type:
Business Opportunity
Square Footage:
4,000
Status:
Closed
Current Price:
$1,800,000
Last Modified:
4/27/2025
Description
If you are looking for a very profitable smoke shop in the West Valley with staff in place with the owner that produces over $720,000 net profit in the owner pocket after all expenses and an average of $166,500 per month in Gross Sales with amazing seller financing terms and solid client base in a great location surrounded by corporate tenants with exposure to a major road and competition far away and a cigar humidifier room and amazing FF&E then look no further. This smoke shop is situated in a 4000 sq.ft. suite in a strip center with tons of frontage view to a major road surround and they are using only 2400 sq.ft. of space so it could be expanded. The rest of the space is used as storage. The lease is amazing as well at $7,300 per month all in with 4.5 years left and 5 year options.
More Information MLS# 6499643
General Property Description
Ttl Apx SqFt Bldg: 4000
Uncvrd Parking Spcs: 25
Income & Expenses
Annual Gross Sales: 2000000
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: 85000
Apx Val Inventory: 300000
Business Type
Retail: 1
Pmt & Rate Info
Equity: 1800000
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
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
Less Than 1 Year: 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: $1,800,000
Sold Price: $1,800,000
Status: Closed
List Date: 2022-12-17
Location
Map Code/Grid: L31
House Number: 0000
Compass: W
Street Name: XXXXXXXXX
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: 33.545063
Geo Lon: -112.275597
Status Change Info
Off Market Date: 2023-06-05
Under Contract Date: 2023-06-01
Close of Escrow Date: 2023-06-05
Sold Price: $1,800,000
Income Expenses
Net Operating Income: 720000
Property Features
Business Type: Retail
Form of Ownership: Other - See Remarks
Sale Price Includes: Goodwill; Equipment; Inventory; Lease Value; 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: Less Than 1 Year
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
Last Updated: April - 27 - 2025
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