2.1 Acres Lot
2.1 Acres Lot
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
Subdivision Pecos Industrial Park
MLS Listing ID 6854580
Originating Board Arizona Regional Multiple Listing Service (ARMLS)
Year Built 2018
Annual Tax Amount $19,930
Tax Year 2024
Lot Size 2.099 Acres
Acres 2.1
Property Description
Tenants pay premium rents because of the nature of the business their in, medical cannabis.
First tenant has 15 years left on their lease with options for an additional 20 years. First tenant has a corporate guarantee in place.
Second tenants lease ends at 2035, but also has options for an additional 5 years. Second tenant has a personal guarantee.
Third tenants lease ends at 2035, but also has options for an additional 5 years. Third tenant has a corporate guarantee.
Each lease has 3% annual increases. 12 month NOI +/- $1,051,476. NNN 100+ parking spots.
1031 Friendly.
Location
State AZ
County Maricopa
Community Pecos Industrial Park
Zoning IND-3
Interior
Heating Electric, Natural Gas
Cooling Central Air
Flooring Concrete
Exterior
Parking Features Private, Free
Fence Chain Link
Roof Type Other
Total Parking Spaces 100
Building
Dwelling Type Industrial
Sewer Public Sewer
Water City Franchise
New Construction No
Others
Senior Community No
Tax ID 301-85-058-F
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