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2226 W Camelback Road, Phoenix, AZ

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2226 W Camelback Road

Phoenix, AZ 85015-3445 - Downtown Phoenix Ret Submarket

Property Type:Retail Sub Type:Auto Dealership Status:Existing Year Built:1980
Building Size:1,040 SF Land Area:.37 AC (16,161 SF)
For Sale Price:$890,000 Price/SF:$855.77
Cap Rate:9.30 %
Parking:37 Surface spaces are available; Ratio of 10/1,000 SF
Features:Air Conditioning, Commuter Rail, Freeway Visibility, Pylon Sign

Property Description: USED CAR LOT

Sale Notes:
Property Description: USED CAR LOT. This is leased on a NNN lease and is an ideal investment opportunity offering a phenomenal 9.3% CAP rate. This lot has been consistently leased for years on a Triple Net lease offering a great return. Previous tenants grossed over $3M per year. Includes mechanics car lift, prominent neon and fluorescent pole sign. Well lit sales area. Holds 52 cars. The Auto Dealer use has been grandfathered in for decades by the City.

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 Light Rail. Opposite new Mall development.

Century 21 Arizona Foothills
John S Oliver
(602) 943-7252

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