0000 E XXXXXXXX Avenue, Mesa, AZ 85206
$4,250,000
Property Type: Business Opportunity Square Footage: 1,000 Status: Closed
Current Price: $4,250,000 Last Modified: 4/13/2025
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.
More Information MLS# 6402117
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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