710 W. Elliot Rd Tempe AZ is a +/- 10312 SF building that currently has a 1295 SF Retail Dispensary of Marijuana operated by Harvest along with 9017 SF of space occupied by other tenants.
It is located in a high demand market strategically located in Tempe near intersection of S Kyrene Rd and W Elliot Rd. APN# 309-90-011. Zoning PPC-1
Annual sales revenue in operating Dispensaries in the Group exceed $5.1 Million annually.
- Bank Financing Is available – First Fidelity
- 60% Loan – 5% Interest Rate
- 15 Year Amortization Schedule – 7 Year balloon
- Purchase Price: $3,000,000
- 10% CAP NNN Lease
- 2.5% per year Lease Escalator
- 2.5% per year add to Purchase price on Tenant buy-back option first 5 yrs – 1.5% thereafter
- 10/10 year or 20 year Lease
- APN# 309-90-011 Zoning PPC -1