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.
Location
Courtesy of: R.O.I. Properties The ARMLS logo indicates a shared property that may be listed by a real estate brokerage other than the Russ Lyon Sotheby's International Realty. All information should be verified by the recipient and none is guaranteed as accurate by ARMLS. Copyright 2022 Arizona Regional Multiple Listing Service, Inc. All rights reserved. Updated: 22nd March, 2023 8:44 AM (UTC)