About This Property

Commercial Real Estate Professionals, Inc. and Mark Allen, CCIM are pleased to present this stand-alone building for sale for a Direct Principal Buyer purchasing as an Investment Property with an 8.07 percent (+-) CAP RATE on a Long-Term Lease -- GREAT CASH FLOW!! This site is approved for commercial/automotive use, over 8,600(+-) SF total (Multiple buildings), and sits on over 2.4(+-) Acres with over $150,000(+-) in Renovations. The Existing Tenant has an 11-year NNN Lease currently at $7,906/month (2026), 3 percent annual escalation (excluding final year 2035). There is still over 9 years remaining on the Lease (11-year lease). The Lease is a NNN lease. Tenant pays property taxes and insurance. There is a 3 percent Annual Increases until 2034. There is no increase on the last year 2035 (rent is the same in 2035 as it is in 2034). Rent increases are in February of each year.

Key Features

• 105,053 Square Feet Lot
• Built in 1953

Property Details

• Type: Single Family Home
• Year Built: 1953
• Lot Size: 2.41 Acres
• Sq Ft: 7,200
• Price / Sq Ft: $163
• HOA: Contact Agent
• Bedrooms: 0
• Bathrooms: 0
• Feature: 105,053 Square Feet Lot
• Feature: Built in 1953
• Status: Active
• MLS Number: MFR815190897
• Days on Market: 14
• Listed By: COMMERCIAL REAL ESTATE PROF IN · Mark Allen
• Zip Code: 32117