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12829 N CAVE CREEK Road Phoenix, AZ 85022
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Key Details
Sold Price $1,135,000
Property Type Commercial
Listing Status Sold
Purchase Type For Sale
Subdivision Cactus Gardens 4
MLS Listing ID 6417926
Sold Date 09/14/22
Originating Board Arizona Regional Multiple Listing Service (ARMLS)
Year Built 1973
Annual Tax Amount $4,263
Tax Year 2021
Lot Size 0.327 Acres
Acres 0.33
Property Description
Stabilized asset with 2% annual rent increases. High visibility - frontage on busy Cave Creek Road with 26K VPD,
near corner of E Cactus Road with 40K VPD. Dedicated monument signage on Cave Creek Road. Net lease with minimal Landlord responsibilities. National tenants in close proximity include: Circle K, O'Reilly Auto Parts, Dairy Queen, Sherwin Williams, Home Depot, and
Firestone. Popular location: 12.9K annual visits in last 12 months per
Placer Ai. Rolberto's recently extended their lease in 2022 for an additional
10 years. Dense suburban location: surrounded by Cactus Cave Creek
and Chateau Theirry neighborhoods with 330K residents in a 5-mile radius
Location
State AZ
County Maricopa
Community Cactus Gardens 4
Zoning C-2
Direction Head West off the 51 on Cactus Rd. Go South on N Cave Creek Rd. The Subject Property will be on the West side of N Cave Creek Rd.
Interior
Heating See Remarks
Cooling See Remarks
Flooring Other
Exterior
Garage Free, Public Parking
Fence See Remarks
Waterfront No
Roof Type Foam
Present Use Restaurant, Fast Food
Parking Type Free, Public Parking
Total Parking Spaces 12
Building
Sewer Other (See Remarks)
Others
Senior Community No
Tax ID 166-12-029
Financing Conventional
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