Property Listing No Longer Available for Sale

2226 W Camelback Rd, Phoenix, AZ

Others for Sale - $769,000


Property Info

CIMLS#1046061
Location
  2226 W Camelback Rd
  Phoenix AZ 85015
UpdatedMay 27th, 2020
TypeOthers
Price$769,000

Property 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. 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.


Financials