$4,250,000
Mesa, AZ 85206
MLS# 6402117
Status: Closed
1 / 1
Property Description
If you are looking for one of the most profitable smoke shop in the Valley with staff in place with the owner that produces over $1,800,000 net profit in the owner pocket after all expenses and over $500,000 per month in Gross Sales with amazing seller financing terms and solid client base in a great location surrounded by corporate tenants with over 10 years of existence then look not further. This smoke shop is situated in a 1000 sq.ft. suite in a busy shopping center with tons of frontage view to a major road surround by corporate tenants that bring a lot of traffic. The lease is amazing as well at $2,300 per month all in with 4 years left and multiple 5 year options. The store boasts around $400,000 of the top of market inventory carefully selected from the owner included in the price.
Details
Maps
General Property Description
Ttl Apx SqFt Bldg: 1000
Uncvrd Parking Spcs: 50
Income & Expenses
Annual Gross Sales: 6000000
Owners Draw Included: No
Annual Owners Salary: 0
Annual Mngr Salary: 0
Anl Int (Non-RelEst): 0
Annual Depreciation: 0
Annual Fringes: 0
Adjusted Net Income: 0
Apx Value of Cash: 0
Ap Val Frn,Fxt & Eqp: 50000
Apx Val Inventory: 400000
Business Type
Retail: 1
Pmt & Rate Info
Equity: 3950000
Down Payment %: 0
Total Owed: 0
Lockbox Type
None: 1
Type of Lease
Other - See Remarks: 1
Form of Ownership
Other - See Remarks: 1
Sale Price Includes
Goodwill: 1
Equipment: 1
Inventory: 1
Lease Value: 1
Cvnt not to Compete: 1
Lease Information
Other - See Remarks: 1
Hours of Operation
Other - See Remarks: 1
Business Age
10+ Years: 1
Heating
See Remarks: 1
Current Ownership
5 - 10 Years: 1
Cooling
See Remarks: 1
Training
Other - See Remarks: 1
Expenses Include
See Remarks: 1
Business/Tenant Pays
Other: 1
Source of Fincl Data
Owner: 1
Water Source
See Remarks: 1
Sewer
Other: 1
Parking Features
Other: 1
Electric
Other (See Remarks): 1
Gas
Other (See Remarks): 1
New Financing
Cash: 1
Seller Approve Terms: 1
Current Financing 1
See Remarks: 1
Current Financing 2
See Remarks: 1
Current Financing 3
See Remarks: 1
Reports/Disclosures
Other (See Remarks): 1
Environmental
Other (See Remarks): 1
Contact Info
List Agent Home Phn: 623-236-0836
Sold Info
Loan Type: Cash
Closing Cost Split: Normal - N
Buyer Concession to Seller: 0
Buyer Concession $/%: $
Seller Concession to Buyer: 0
Seller Concession $/%: $
Contract Info
Current Price: $4,250,000
Sold Price: $4,250,000
Status: Closed
List Date: 2022-05-18
Location
Map Code/Grid: L31
House Number: 0000
Compass: E
Street Name: XXXXXXXX
St Suffix: Avenue
City/Town Code: Mesa
State/Province: AZ
Zip Code: 85206
County Code: Maricopa
Assessor Number: 000-00-000
Remarks Misc
Geo Lat: 33.38053
Geo Lon: -111.691546
Status Change Info
Off Market Date: 2022-07-29
Under Contract Date: 2022-07-01
Close of Escrow Date: 2022-07-29
Sold Price: $4,250,000
Income Expenses
Net Operating Income: 1800000
Property Features
Business Type: Retail
Form of Ownership: Other - See Remarks
Sale Price Includes: Goodwill; Equipment; Inventory; Lease Value; Cvnt not to Compete
Lease Information: Other - See Remarks
Hours of Operation: Other - See Remarks
Type of Lease: Other - See Remarks
Business Age: 10+ Years
Current Ownership: 5 - 10 Years
Training: Other - See Remarks
Expenses Include: See Remarks
Source of Fincl Data: Owner
Parking Features: Other
Electric: Other (See Remarks)
Gas: Other (See Remarks)
Water Source: See Remarks
Sewer: Other
Heating: See Remarks
Cooling: See Remarks
Lockbox Type: None
Current Financing 1: See Remarks
Current Financing 2: See Remarks
Current Financing 3: See Remarks
New Financing: Cash; Seller Approve Terms
Environmental: Other (See Remarks)
Listing Office: American Realty Brokers
Last Updated: April - 13 - 2025
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