Property
| Ownership: | Fee Simple |
|---|---|
| Type: | mixed-use |
| Area: | 7200 sq ft |
| Lot Size: | 2.4 Acres |
Financials
Price:$1,175,000
Annual Taxes:$9,696.38
Listing Courtesy of COMMERCIAL REAL ESTATE PROF IN
Commercial Real Estate Professionals, Inc.
Description
Commercial Real Estate Professionals, Inc. and Mark Allen, CCIM are pleased to present this stand-alone building for sale for a Direct Principal Buyer purchasing as an Investment Property with an 8.07 percent (+-) CAP RATE on a Long-Term Lease -- GREAT CASH FLOW!!
This site is approved for commercial/automotive use, over 8,600(+-) SF total (Multiple buildings), and sits on over 2.4(+-) Acres with over $150,000(+-) in Renovations.
The Existing Tenant has an 11-year NNN Lease currently at $7,906/month (2026), 3 percent annual escalation (excluding final year 2035).
There is still over 9 years remaining on the Lease (11-year lease). The Lease is a NNN lease. Tenant pays property taxes and insurance. There is a 3 percent Annual Increases until 2034. There is no increase on the last year 2035 (rent is the same in 2035 as it is in 2034). Rent increases are in February of each year.
Amenities
- Electricity Available
- Phone Available
- Water Connected
All information furnished regarding property for sale, rental or financing is from sources deemed reliable, but no warranty or representation is made as to the accuracy thereof and same is submitted subject to errors, omissions, change of price, rental or other conditions, prior sale, lease or financing or withdrawal without notice. International currency conversions where shown are estimates based on recent exchange rates and are not official asking prices.
All dimensions are approximate. For exact dimensions, you must hire your own architect or engineer.
