Fully leased 2,700 square foot convenience store to a national tenant on 0.6 of an acre (sale of land and building only). Currently in the 5th year of a 5 year lease term with Circle K. Tenant has occupied the Property for over 20 years. In place net income generates a 6.33% cap rate on asking price. Renewal net income (starting in February 2025) will produce a 7% cap rate on asking price. (id:47423)
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Detailed Information
Listing Contract Date
2024-05-15
Property Type
Retail
Transaction Type
For sale
Building
Constructed Date
1999
Land
Total Size
0.6 acres
Size of Irregular Land
0.6
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