$910,000
Fountain Hills, AZ 85268
MLS# 6485857
Status: Closed
1 / 10
Property Description
Automotive Center in Fountain Hills for sale. The property has a 10-year (NNN) lease in place with a current expiration date in Q1 2031. The current net operating income for 2022 is $60,000, resulting in a rate of $1.16/NNN. The lease has built-in 3% annual increases through the expiration of the lease. The tenant is responsible for real property taxes, insurance, and maintenance/repairs.
Details
Maps
Contract Info
Ownership: Fee Simple
Current Price: $910,000
Sold Price: $910,000
Status: Closed
List Date: 2022-11-04
Location, Tax & Legal
Assessor's Map #: 8
Legal Description (Abbrev): LOT 10 BLOCK 1 FOUNTAIN HILLS AZ 302A MCR 016443
Assessor's Parcel #: 598
Add'l Parcels: No
Tax Municipality: Fountain Hills
Census Tract: 216820
Taxes: 7055
Legal: LOT 10 BLOCK 1 FOUNTAIN HILLS AZ 302A MCR 016443
Map Code/Grid: M41
House Number: 11819
Compass: N
Street Name: SAGUARO
St Suffix: Boulevard
City/Town Code: Fountain Hills
State/Province: AZ
Zip Code: 85268
Zip4: 4621
County Code: Maricopa
Subdivision: FOUNTAIN HILLS AZ 302A
Assessor Number: 176-08-598
Tax Year: 2021
General Property Description
Ttl Apx SqFt Bldg: 4320
# of Buildings: 1
Uncvrd Parking Spcs: 0
Year Built: 1979
Zoning: C-3
Legal Info
Range: 6E
Section: 23
Township: 3N
Lot Number: 10
Construction
Tilt-Up: 1
Roofing
Other: 1
Floors
Other: 1
Bay Info
# of Bays: 4
Income & Expenses
Owner Association: No
Annual Ownr Asoc Fee: 0
Operating Exp: 7055
Other Income: 0
Vacancy Allowance: 0
Adjusted Gross Inc: 0
Building Type
Other (See Remarks): 1
Business Type
Automobile: 1
See Remarks: 1
Stories
1 Story: 1
Pmt & Rate Info
Cap Rate: 6.49
Equity: 925000
Total Owed: 0
Showing Notification Methods
Text: 1
Email: 1
Phone Call: 1
Lockbox Type
None: 1
Ceiling Height
10.1 Feet to 12 Feet: 1
Heating
Other: 1
See Remarks: 1
Cooling
Other: 1
See Remarks: 1
Interior Features
Other (See Remarks): 1
Loading Facilities
Other (See Remarks): 1
Exterior
Other (See Remarks): 1
Source of Fincl Data
Other (See Remarks): 1
Fencing
Other: 1
See Remarks: 1
Water Source
Other: 1
See Remarks: 1
Sewer
Other: 1
Parking Features
Other: 1
Electric
Other (See Remarks): 1
Gas
Other (See Remarks): 1
New Financing
Other (See Remarks): 1
Reports/Disclosures
Other (See Remarks): 1
Environmental
Other (See Remarks): 1
Sold Info
Loan Type: Other
Payment Type: Other
Clsing Cost Split: Normal - N
Buyer Concession to Seller: 0
Buyer Concession $/%: $
Seller Concession to Buyer: 0
Seller Concession $/%: $
Remarks Misc
Cross Street: Saguaro Blvd and Panorama Dr.
Directions: Head South on AZ-51, take AZ-202 E exit continue to exit 13 toward AZ-87 for 14 miles. Then use the left two lanes to turn left onto E Shae Blvd, turn right onto Saguaro Blvd, property is on the right
Geo Lat: 33.594449
Geo Lon: -111.711566
Status Change Info
Off Market Date: 2024-06-03
Under Contract Date: 2024-05-31
Close of Escrow Date: 2024-06-07
Sold Price: $910,000
Income Expenses
Net Operating Income: 60000
Property Features
Building Type: Other (See Remarks)
Business Type: Automobile; See Remarks
Stories: 1 Story
Construction: Tilt-Up
Roofing: Other
Floors: Other
Ceiling Height: 10.1 Feet to 12 Feet
Heating: Other; See Remarks
Cooling: Other; See Remarks
Loading Facilities: Other (See Remarks)
Interior Features: Other (See Remarks)
Exterior: Other (See Remarks)
Fencing: Other; See Remarks
Parking Features: Other
Electric: Other (See Remarks)
Gas: Other (See Remarks)
Water Source: Other; See Remarks
Sewer: Other
New Financing: Other (See Remarks)
Showing Notification Methods: Text; Email; Phone Call
Lockbox Type: None
Source of Fincl Data: Other (See Remarks)
Environmental: Other (See Remarks)
Listing Office: R.O.I. Properties
Last Updated: December - 27 - 2025
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