Derrick Brown
Listed by Derrick Brown
$370,000
5281 Winchester_Long-Term Cash Flow
Details
Property Type Retail
Sub Type Bank, PaydayLoan
Square Footage 3,062
Net Rentable (SqFt) 3,062
Units 1
Cap Rate 11.35%
NOI $42,000
Occupancy 100%
Tenancy Single
Lease Type NNN
Class C
Year Built 1982
Year Renovated 2018, 2021
Stories 1
Acreage 0.900
Zoning CL
Investment Type Stabilized
Ground Lease No
Sale Condition 1031 exchange
Retail | 11.35% CAP | 3,062 SqFt
Marketing description
Long-term National Tenant in stabilized, high traffic market. 11.3% cap rate with future increase. NNN lease. The building is a former bank property, in great condition with new roof in 2018! Brick construction on 0.9 acre, situated among bustling Retail! Immediate and long-term cashflow! 20 year plus tenant with newer multi-year lease!
Investment highlights
Immediate and long-term NNN cashflow
Listing Contacts
Derrick Brown
Listed by Derrick Brown
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$42,000.00
$3,500.00/mo
Valuation Metrics
0
DSCR
11.35%
Cap Rate
11.35%
ROI
Map
Zoning
CMU-1 CommercialNeighborhood CommercialCommercial Mixed Use 1
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