Investment opportunity. 8% cap rate. Nearly 1 acre. Further development and income possible. Large commercial building (approx 5500SF) with long-term tenant in automotive service/repair. Thriving business. Current lease ends Nov 2025 with option for additional 5 years. Non-disclosure agreement required. NOI currently in excess of $60k/year. Residential property (approx 1200SF) currently vacant; needs significant work. Sale does not include any of the lessee's personal property or FF&E.
Courtesy of: Re/Max Roots Listing information provided courtesy of the Bright MLS. IDX information is provided exclusively for consumers' personal, non-commercial use, and it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The data is deemed reliable, but is not guaranteed accurate by the MLS. Updated: 2nd July, 2022 8:55 AM (UTC)