1101 E Indian School RD
the store is closed .but 90% equipments is there.
Ready to open ,2200 sqft
The Rent is $3,000 +NNN = $3500 per month
With 2% increases every year
No beer and wine license
Set up for meat market and convenience store
Just completed 15K new check cashing booth
Need $10,000 deposit and first month rent to get you in.
Great opportunity for operator know this business
About 11 st and Indian school rd
It was circle K convenient store form the last 25 year
When circle K out of the Lease 4 yr ago ,they take every thing a way and closed the store for 6 month ,try to kill the business.
We Lease out to privet operator since then
1 ST one spent $70,000.00 to put every thing back ,but can’t get the beer and wine license ,so give up after 15 month .
The 2nd one put another $50,000.00 to add meat market in the property and run out the money because they own problem ,we take back the store and Lease to the current Tenant (which have a very bust store on other side the Town.)he is giving the store to he sister to run and manager. But now the sister’s husband juts got transfer to Florida for the new job.
With out beer and wine license ,they only make 4-6K a month ,like a job
That why the store can be purchase for 50K (he got the store for 30K) if some one want to run it.
Other way is to put check cashing business in to it ,but will need a lot of money to do it.
The beer and wine license are a very Key issue for this location .the Mayor of Phoenix try to stop all the beer and wine License in this area ,because he try to redevelop the down town .
Who ever want to apply for it ,have to have clean record and show good faith with the community (last two tenant have no green card and one have bad record with the liquor broad )
.
But if some one get it .the property will go up $300K to $400K in value because the business sale with go up by 300%
For last 4 yr ,I managing this Property for the seller (they are back to Canada and selling every thing in the USA) , always easy to find Tenant for this kind of business .so as income property this location is worry free .
In time once the Tenant got Beer and wine license ,the rent can go up to $4,500 to 5,500 per month easy .(it will take 6 month to a year to do it)
**the property have a Loan $250,000.00 at 8% for 11 or 12 yr more form the original owner that want to be pay by monthly ,so this loan can’t pay off **must take over ***
That why a lot of SBA Buyer can get this deal .
We need $230,000 down to take over the loan and seller can carry 2nd for the same term .
Please let me know what else you like to know .
Good luck
at 11 ST and Indian school RD Phoenix ,Arizona
the store is closed .but 90% equipments is there.
Ready to open ,2200 sqft
The Rent is $3,000 +NNN = $3500 per month
With 2% increases every year
No beer and wine license
Set up for meat market and convenience store
Just completed 15K new check cashing booth
Need $10,000 deposit and first month rent to get you in.
Great opportunity for operator know this business
About 11 st and Indian school rd
It was circle K convenient store form the last 25 year
When circle K out of the Lease 4 yr ago ,they take every thing a way and closed the store for 6 month ,try to kill the business.
We Lease out to privet operator since then
1 ST one spent $70,000.00 to put every thing back ,but can’t get the beer and wine license ,so give up after 15 month .
The 2nd one put another $50,000.00 to add meat market in the property and run out the money because they own problem ,we take back the store and Lease to the current Tenant (which have a very bust store on other side the Town.)he is giving the store to he sister to run and manager. But now the sister’s husband juts got transfer to Florida for the new job.
With out beer and wine license ,they only make 4-6K a month ,like a job
That why the store can be purchase for 50K (he got the store for 30K) if some one want to run it.
Other way is to put check cashing business in to it ,but will need a lot of money to do it.
The beer and wine license are a very Key issue for this location .the Mayor of Phoenix try to stop all the beer and wine License in this area ,because he try to redevelop the down town .
Who ever want to apply for it ,have to have clean record and show good faith with the community (last two tenant have no green card and one have bad record with the liquor broad )
.
But if some one get it .the property will go up $300K to $400K in value because the business sale with go up by 300%
For last 4 yr ,I managing this Property for the seller (they are back to Canada and selling every thing in the USA) , always easy to find Tenant for this kind of business .so as income property this location is worry free .
In time once the Tenant got Beer and wine license ,the rent can go up to $4,500 to 5,500 per month easy .(it will take 6 month to a year to do it)
**the property have a Loan $250,000.00 at 8% for 11 or 12 yr more form the original owner that want to be pay by monthly ,so this loan can’t pay off **must take over ***
That why a lot of SBA Buyer can get this deal .
We need $230,000 down to take over the loan and seller can carry 2nd for the same term .
Please let me know what else you like to know .
Good luck
