- For Sale $1,440,000
- Property Type Industrial
- Property Size 6,000 SF
- Lot Size 2.54 Acre
- Building Class C
- Year Built 2005
- Date Updated Jan 23, 2025
Description
- LONG-TERM LEASES: There are ±10 years remaining on the base term of the leases, providing stability and security for investors.
- HIGH-YIELDING INVESTMENT: The property is being offered at a Year-1 in-place cap rate of 10.00%.
- ATTRACTIVE RENTAL INCREASES: $12,000 cumulative annual rental increase.
- NNN LEASES: Both leases are NNN.
- LARGE PARCEL: ±6,000 SF building sits on a ±2.54 AC parcel of land.
- STRONG RETAIL SYNERGY: The subject property is surrounded by national retailers such as F.W. Webb Company, Tractor Supply and Camping World.
- AFFLUENT AREA: The average household income within a 1-mile radius of the subject property is over $100,000.
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Contacts
Alexander Machado
Matthews Real Estate Investment Services
Location
Contact Listing Broker
Alexander Machado
Matthews Real Estate Investment Services