16265 E Peak Lane, Red Rock, AZ 85245

$1,320,000
Property Type: Commercial Square Footage: 2,400 Lot Size (sq. ft.): 7 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
Tax Year
2020
Taxes
3396.56
Assessments
0
Legal Description
POR OF NW OF SEC 14-9S-9E BING DESC AS FLLWS; COM AT NW COR OF SAID SEC 14; TH E-501.32' TO SWLY ROW OF I-10; TH S-35DE
Municipality/Zoning
Other - CB2
Fire Protection
Included in Taxes

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

Construction

Concrete Block
Yes

Sewer

Septic
Yes

Terms

Cash
Yes
Conventional
Yes
Submit
Yes

Submit With Offer

Proof of Funds
Yes

Freeway/Highway

Access
Yes

Traffic Count

Over 200,000
Yes

Possession

See Remarks
Yes

Property Disclosures

Leases
Yes

Special Conditions

None
Yes
IDX
Listing Office: Buckelew Realty
Last Updated: January - 30 - 2025
The data relating to real estate listings on this website comes in part from the Internet Data Exchange (IDX) program of Multiple Listing Service of Southern Arizona. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Listings provided by brokerages other than the listing brokerage here are identified with the MLSSAZ IDX Logo. All Information Is Deemed Reliable But Is Not Guaranteed Accurate. Listing information Copyright 2020 MLS of Southern Arizona. All Rights Reserved.
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