BUILDING ONLY FOR SALE ONLY. Featuring just over 5,600 sq ft, this multi-purpose, stand alone building on it's own lot is ideally located right West of the downtown Superstore. Strong three-year NNN lease renewal just resigned with same strong tenant for the past 10+years. building produces around an 8% cap rate on a solid 3 year average, based on asking price. Cinder block building on slab. Future opportunity exists to split building into two if desired (previous rear 4000 sq ft section was a mechanic shop and the front 1,600 was a retail space) regular maintenance & improvements to roof, HVAC, Windows, LED Lighting and exterior facade, have all been completed in the last several years. Good investment, strong return, great location. Please do not approach business/ workers regarding the building sale. (id:47423)
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Detailed Information
Total Area
5,607 ft2
Lease Type
Triple Net
Listing Contract Date
2023-12-18
Municipal ID
0013971296
Ownership Type
Leasehold
Plan
9021660
Property Type
Retail
Transaction Type
For sale
Zoning Description
DC(28)
Building
Constructed Date
1964
Cooling Type
Central air conditioning
Exterior Finish
Brick
Foundation Type
Slab
Heating Fuel
Natural gas
Heating Type
Central heating, Forced air
Size (Exterior)
5607 square feet
Total Finished Area
5607 sqft
Type
Retail
Land
Total Size
13068 square feet
Size of Irregular Land
13068.00
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