$4,250,000
Mesa, AZ 85206
MLS# 6402117
Status: Closed
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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
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
General Property Description
Ttl Apx SqFt Bldg: 1000
Uncvrd Parking Spcs: 50
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
Contact Info
List Agent Home Phn: 623-236-0836
Sold Info
Loan Type: Cash
Closing Cost Split: Normal - N
Buyer Concession $/%: $
Seller Concession $/%: $
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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