16265 E Peak Lane, Red Rock, AZ 85245

$1,320,000
Property Type: Commercial Square Footage: 2,400 Lot Size (sq. ft.): 183,388 Status: Active
Current Price: $1,320,000 List Date: 1/30/2025 Last Modified: 1/30/2025

Overview

Description

NNN Lease in year 12 of 20 year lease; 3% annual increases; Current Mo. Rent at $5,536.93 and Annualized at $66,443.16; Next 3% increase on 11.01.2023 with increased Mo. Rent Adjustment of $5,703.02. Zoning: CB-2, Pinal County - Commercial CB-2 GENERAL BUSINESS ZONE Any use permitted in PCDSC 2.85.010(B) through (J) (TR transitional zone) and in PCDSC 2.90.010 (CB-1)

Listing Details MLS# 22502885

Address Information

Street #
16265
Direction
E
Street Name
Peak
Suffix
Lane
State/Province
AZ
Zip Code
85245
County
Pinal
Country
USA

Location, Tax & Legal

Tax Code
410-05-005B
Area
Pinal

General Property Information

Property Sub-Type
Retail
Year Built
1987
Lot Dimensions
irregular
Lot Acres
4.21
Lot Sqft
183388
Lot Size Source
Assessor
Combined SqFt
2400
Source of SqFt
Assessor
List Price/SqFt
550
Lot Size Price/SqFt
7.2

Property Features

Construction: Concrete Block Sewer: Septic Traffic Count: Over 200,000 Terms: Cash; Conventional; Submit Possession: See Remarks Submit With Offer: Proof of Funds Property Disclosures: Leases Special Conditions: None

Contract Information

Short Sale
No

More Information

Income

Net Opp Income
66443
IDX
Listing Office: Buckelew Realty
Last Updated: January - 30 - 2025
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