16265 E Peak Lane, Red Rock, AZ 85245 (MLS# 22502885)

$1,320,000

16265 E Peak Lane
Red Rock, AZ 85245
MLS# 22502885
2400 sqft

1 / 2

Property Description
NNN Lease in year 12 of 20 year lease; 3% annual increases; Current Mo. Rent at $5,536.93 and Annualized at $66,443.16; Next 3% increase on 11.01.2023 with increased Mo. Rent Adjustment of $5,703.02.

Zoning: CB-2, Pinal County – Commercial CB-2 GENERAL BUSINESS ZONE Any use permitted in PCDSC 2.85.010(B) through (J) (TR transitional zone) and in PCDSC 2.90.010 (CB-1)

Details

Maps

Address Information

Country: USA

Street #: 16265

Direction: E

Street Name: Peak

Suffix: Lane

State/Province: AZ

Zip Code: 85245

County: Pinal

Location, Tax & Legal

Tax Year: 2020

Taxes: 3396.56

Assessments: 0

Legal Description: POR OF NW OF SEC 14-9S-9E BING DESC AS FLLWS; COM AT NW COR OF SAID SEC 14; TH E-501.32′ TO SWLY ROW OF I-10; TH S-35DE

Municipality/Zoning: Other – CB2

Fire Protection: Included in Taxes

Tax Code: 410-05-005B

Area: Pinal

Contract Information

Short Sale: No

Current Price: $1,320,000

List Price: $1,320,000

Listing Date: 2025-01-30

Status: Active

General Property Information

Property Sub-Type: Retail

Lot Dimensions: irregular

Lot Acres: 4.21

Lot Sqft: 183388

Lot Size Source: Assessor

Source of SqFt: Assessor

List Price/SqFt: 550

Lot Size Price/SqFt: 7.2

Year Built: 1987

Combined SqFt: 2400

Construction

Concrete Block: 1

Sewer

Septic: 1

Terms

Cash: 1

Conventional: 1

Submit: 1

Submit With Offer

Proof of Funds: 1

Freeway/Highway

Access: 1

Traffic Count

Over 200,000: 1

Possession

See Remarks: 1

Property Disclosures

Leases: 1

Special Conditions

None: 1

Remarks Misc

Geo Lat: 32.644672

Geo Lon: -111.393704

Income

Net Opp Income: 66443

Property Features

Construction: Concrete Block

Sewer: Septic

Traffic Count: Over 200,000

Terms: Cash; Conventional; Submit

Possession: See Remarks

Submit With Offer: Proof of Funds

Property Disclosures: Leases

Special Conditions: None

Listing Office: Buckelew Realty

Last Updated: January – 30 – 2025

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