15410 N 40TH Street, Phoenix, AZ 85032

$1,490,000
Property Type: Comm/Industry Sale Square Footage: 2,809 Lot Size (sq. ft.): 30,623 Status: Closed
Current Price: $1,490,000 List Date: 10/27/2017 Last Modified: 2/17/2023

Overview

Description

Excellent Investment Grade Property with Healthy Financials, Strategic Corner Opportunity, Dense Demographics and great Retail Corridor. This Circle K property is strategically positioned half a mile away from Arizona State Route 51 with over 108,000 VPD and immediately on Greenway Rd with 42,000 VPD and 16,000 VPD on 40th street. Signalized hard Corner with easy egress and regress at an established location that Circle K has successfully operated out of for over 30 years Absolute NNN Lease with no landlord maintenance responsibilities, passive income, and multiple options periods

Listing Details MLS# 5679759

Location, Tax & Legal

Map Code/Grid
L35
House Number
15410
Compass
N
Street Name
40TH
St Suffix
Street
City/Town Code
Phoenix
State/Province
AZ
Zip Code
85032
Zip4
4026
Country
US
County Code
Maricopa
Subdivision
ROBINHOOD ACRES
Assessor Number
214-34-057-A
Tax Year
2017
Assessor's Map #
34
Legal Description (Abbrev)
ROBIN HOOD ACRES MCR 56/30 LOT 57 THE N 175F OF S 200F OF W 175F OF E 200F TH/OF
Assessor's Parcel #
57
Assessor Parcel Ltr
A
Add'l Parcels
No
Tax Municipality
Phoenix
Census Tract
103303
Taxes
14763
Legal
ROBIN HOOD ACRES MCR 56/30 LOT 57 THE N 175F OF S 200F OF W 175F OF E 200F TH/OF

Contract Info

Ownership
Fee Simple

General Property Description

Type of Property
Commercial Retail
Ttl Apx SqFt Bldg
2809
# of Buildings
Yes
Year Built
1988
Uncvrd Parking Spcs
22
Zoning
C-2

Remarks Misc

Cross Street
Greenway & 40th St
Directions
Corner of Greenway and 40th Street

Status Change Info

Off Market Date
2018-04-19
Under Contract Date
2018-03-06
Close of Escrow Date
2018-04-06

Legal Info

Township
3N
Range
3E
Section
Yes
Lot Number
57

More Information

Contact Info

List Agent Home Phn
602-451-3684

Sold Info

Loan Type
Cash
Payment Type
Other
Clsing Cost Split
Normal - N
Buyer Concession $/%
$
Seller Concession $/%
$
Buyer Concession to Seller
0
Seller Concession to Buyer
0

Construction

Brick
Yes
Metal
Yes

Roofing

Built-Up
Yes

Floors

Concrete
Yes
Vinyl
Yes

Income & Expenses

Annual Elec Exp
0
Annual Gas Exp
0
Annual Ins Exp
0
Annual Land Lse Exp
0
Annual Landscape Exp
0
Annual Legal & Acctg
0
Annual Maint Exp
0
Annual Mgmt Exp
0
Annual Trash Exp
0
Annual Wtr/Swr Exp
0
Owner Association
No
Annual Ownr Asoc Fee
0
Annual PAD Fee
0
Annual Rplcmnt Rsrvs
0
Annual Other Expense
0
Other Income
0
Vacancy Allowance
0
Adjusted Gross Inc
0

Building Type

Commercial
Yes

Business Type

Retail
Yes

Stories

1 Story
Yes

Pmt & Rate Info

Down Payment
0
Equity
1555467
Total Owed
0
Assessment Balance
0

Ceiling Height

8.1 Feet to 10 Feet
Yes

Heating

Electric
Yes

Cooling

Central Air
Yes

Interior Features

Finished
Yes

Loading Facilities

Grade Level
Yes

Road Surface Type

Asphalt
Yes

Exterior

Corner Lot
Yes
Building Sign
Yes
Monument Sign
Yes

Source of Fincl Data

Owner
Yes

Traffic Count

35,001 to 50,000
Yes

Fencing

Block
Yes

Water Source

City Franchise
Yes

Sewer

Sewer - Public
Yes

Parking Features

Free
Yes
Private
Yes
Paved
Yes

Electric

SRP
Yes

Gas

None
Yes

New Financing

Cash Only
Yes
Cash to Loan
Yes

Existing 1st Loan

Treat as Free&Clear
Yes

Existing 1st Loan Type

Not Applicable
Yes

Existing 1st Loan Terms

Not Applicable
Yes

Existing 2nd Loan

Treat as Free&Clear
Yes

Existing 2nd Loan Type

Not Applicable
Yes

Existing 2nd Loan Terms

Not Applicable
Yes

Existing 3rd Loan

Treat as Free&Clear
Yes

Existing 3rd Loan Type

Not Applicable
Yes

Reports/Disclosures

None
Yes

Existing 3rd Loan Terms

Not Applicable
Yes

Environmental

None
Yes

Existing Othr Ln Trm

Not Applicable
Yes

Property Features

Building Type: Commercial Business Type: Retail Stories: 1 Story Construction: Metal; Brick Roofing: Built-Up Floors: Concrete; Vinyl Ceiling Height: 8.1 Feet to 10 Feet Cooling: Central Air Loading Facilities: Grade Level Interior Features: Finished Exterior: Corner Lot; Building Sign; Monument Sign Fencing: Block Parking Features: Free; Private; Paved Electric: SRP Gas: None Water Source: City Franchise Sewer: Sewer - Public New Financing: Cash Only; Cash to Loan Source of Fincl Data: Owner Existing 1st Loan: Treat as Free&Clear Existing 1st Loan Type: Not Applicable Existing 1st Loan Terms: Not Applicable Existing 2nd Loan: Treat as Free&Clear Existing 2nd Loan Type: Not Applicable Existing 2nd Loan Terms: Not Applicable Existing 3rd Loan: Treat as Free&Clear Existing 3rd Loan Type: Not Applicable Existing 3rd Loan Terms: Not Applicable Existing Othr Ln Trm: Not Applicable Road Surface Type: Asphalt Traffic Count: 35,001 to 50,000 Environmental: None
IDX
Listing Office: LRA Real Estate Group, LLC
Last Updated: February - 17 - 2023
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