Property Description

Excellent investment opportunity featuring two commercial units offered together. The units total approximately 2,890 square feet and currently generate $33,000 annually in base rent. With a modified NNN lease structure, the property offers an attractive approximately 9.4% cap rate with limited management responsibility. Adding to the investment potential, the existing tenant's business occupies all four contiguous units in the building. The subject units are currently leased month-to-month, with rents that have remained unchanged for several years. This unique configuration provides a new owner with immediate cash flow along with a compelling opportunity to negotiate a new long-term lease at updated rental terms. An attractive combination of strong current return, limited management, tenant retention potential, and future rental upside.

Property Features