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2226 W CAMELBACK Road Phoenix, AZ 85015

  • 1,041 sqft
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Commercial-Active $ 769,000

MLS#: 5920608

Courtesy of: Century 21 Arizona Foothills

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Description

Used car lot and used car sales. This property is leased on a NNN lease and is an ideal investment opportunity offering phenomenal 9.3% cap rate. The current tenants lease is up but wants to sign a new 5 year lease if you are looking for an investment. If you are an owner occupier it can be vacant within 30 days. This lot has been consistently leased for years on a triple net lease offering a great return. The previous tenant grossed over $3M per year. Includes mechanics car lift, prominent neon and fluorescent pole sign. Well lit sales area. Holds 52 cars. Prime location on busy Camelback Rd just east of I-17. High traffic count. Next to Discount Tire, near Bill Luke Chrysler Jeep and 3 blocks from the Light Rail. Opposite new mall development.

Specifications


    Location, Tax & Legal


  • 4750

    Legal Info


  • 2E
  • 13

    Construction


  • 1
  • 1

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