Listed by Coldwell Banker Realty
$1,450,000
Hiram Plaza
Details
Property Type Retail
Sub Type Convenience Store, Grocery Store
Square Footage 8,900
Net Rentable (SqFt) 8,900
Units 4
Cap Rate 6.7%
NOI $97,200
Occupancy 75%
Tenancy Multi
Lease Type Net
Pro-Forma Cap Rate 6.70%
Pro-Forma NOI $97,200
Broker Co-Op Yes
Class C
Year Built 2006
Year Renovated 2021
Buildings 1
Stories 1
Acreage 1.190
Zoning B-2
Parking Spaces 3 per 1,000 sq ft
Investment Type Owner/User
Tenant Credit No Credit Rating
Occupancy Date 08/19/2024
Ground Lease No
Sale Condition For sale by owner
1250-3750Sqft 4 units in Hiram
Marketing description
Commercial property Approx. 8900 Sq. ft. building with +/-1.2 acre land on corner of Hwy 120 and Hwy 92.
Cap rate of 8%. Few tenants long lease; other could be an option to be occupied by an owner as they are on short term lease. Renovated in 2020. New HVAC, Floor and ceiling. Parking lot in great condition.
Listing Contacts
Listed by Coldwell Banker Realty
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$97,200.00
$8,100.00/mo
Valuation Metrics
0
DSCR
6.7%
Cap Rate
6.7%
ROI
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