Listed by Haystack Real Estate Partners
$1,450,000
2-Unit Grocery Anchored Building w/ Vacancy - Elgin, TX
Details
Property Type Retail
Sub Type Shopping Center
Square Footage 4,204
Net Rentable (SqFt) 4,204
Units 2
Cap Rate 4.02%
NOI $58,298
Occupancy 66%
Tenancy Multi
Lease Type NNN
Rent Bumps Yes
Lease Options Yes
Pro-Forma Cap Rate 7.86%
Pro-Forma NOI $113,936
Price per SqFt $345
Broker Co-Op Yes
Class B
Year Built 2001
Year Renovated 2023
Buildings 1
Stories 1
Acreage 0.402
Zoning C-1 Neighborhood Shopping District
Parking Spaces 28 spaces
Parking Per SqFt 6.66
Tenant Credit Corporate Guarantee
Ground Lease No
Retail | 4.02% CAP | 4,204 SqFt
Marketing description
$1,450,000
4,204 SF
Investment highlights
Listing Contacts
Listed by Haystack Real Estate Partners
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$58,298.00
$4,858.17/mo
Valuation Metrics
0
DSCR
4.02%
Cap Rate
4.02%
ROI
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