{$$}, {$house.listing.address.state$} {$house.listing.address.postal_code$}
Listing Number:
Description: Investors take note! Now on the market and offering an incredible in-place cap rate of over 15%, this strip center features two parcels, with a two-floor, 12,000 square foot main building that is 70% occupied by a Fortune 500 backed tenant on a triple net lease. The anchor tenant has occupied the property since 1989, and pays all but $1,400 of the yearly taxes. Vacant in the main building is approximately 3,300 square feet of office/retail space that represents a value add for potential investors, bumping the potential cap rate to over 20%! Also on the main parcel, there is a 1,000 square foot free-standing building that is leased to a local tenant, and currently used as retail space. The roof on the main building is new in 2017 and has a 10 year warranty. Owner is also offering for lease, the 3,300 square feet in the main building, divisible down to approximately 500 square feet, at $4.50/sf. The second parcel is directly across Main Street, and contains a fenced parking lot.

Calculate your interest rates and payment plan now!
Loan Amount:
Number of Payments:
Annual Interest Rate:
Click For Audio 🔇