This property presents a remarkable opportunity for investors, featuring a fully leased and well-maintained space occupied by a AAA tenant. With a double net rent of $31,000 per year and a long-term lease that extends until April 30th, 2027, along with options for multiple renewals, it stands as an appealing choice. The property's approx 6% CAP rate promises an excellent return and is strategically situated in a high-density area. Additionally, the lease agreement includes a base rent escalation. The Seller is highly motivated to sell and is excited to showcase this valuable opportunity, so be sure not to miss out! (id:54662)
MLS® Number | T11997375 |
Property Type | Business |
Cooling Type | Fully Air Conditioned |
Heating Fuel | Natural Gas |
Heating Type | Forced Air |
Size Interior | 6,134 Ft2 |
Utility Water | Municipal Water |
Acreage | No |
Size Depth | 97 Ft |
Size Frontage | 63 Ft ,2 In |
Size Irregular | 63.2 X 97.05 Ft |
Size Total Text | 63.2 X 97.05 Ft |
Zoning Description | Commercial Na-r3, Na-cn |
Sarnail Singh
Broker
(905) 828-1122
(905) 828-7925