NET OPERATING INCOME $79,420 GENERATING A 10% CAP RATE. Not For Profit Child Care with a Government supported Tenant on a long term lease. This property is located in the heart of downtown Sudbury. The Tenant at their own expense will be installing an artificial grass surface and playground structures throughout the playground area in the Spring at their projected expense of $300,000. The tenant also contributed 50% of the expense of the two new furnaces and air conditioners were installed in 2020. The tenant is committed to this property as they also invested $300,000 in leasehold improvements when they moved in. This is a turnkey operation which is fully operational. The tenant all through the pandemic was always able to meet their financial lease obligations and continue to do so. (id:47423)
Interested in obtaining the full price history for this property? Contact us!Contact us! Our real estate professionals would be happy to provide a complete listing history with historical sold prices and dates.
Detailed Information
Equipment
None
Lease Type
Gross
Ownership Type
Freehold
Property Type
Retail
Rental Equipment
None
Storage
Outside Storage
Transaction Type
For sale
Zoning Description
I
Business
Business Type
Retail and Wholesale
Business Subtype
General retail
Building
Amenities
Air Conditioning
Exterior Finish
Brick
Fire Protection
Alarm system, Controlled entry, Fire alarm system
Flooring Type
Hardwood, Vinyl
Foundation Type
Block, Concrete
Heating Type
High-Efficiency Furnace
Roof Material
Asphalt shingle
Roof Style
Unknown
Utility Water
Municipal water
Parking Spaces
Name
Spaces
Attached Garage
Parking Space(s)
Land
Total Size
under 1/2 acre
Fence Type
Fenced yard, Partially fenced
Sewer
Municipal sewage system
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