Listed by Joubran Commercial Properties
$3,500,000
Retail Shopping Center
Details
Property Type Retail
Sub Type Shopping Center
Square Footage 53,000
Cap Rate 5.00%
Occupancy 100%
Tenancy Multi
Lease Type Modified
Remaining Term 1
Acreage 4.150
Retail Value Add OR Redevelopment Opportunity
Marketing description
A fully leased retail shopping center located at the corner of West Gate City Blvd and Groometown Road. The Property is approximately 53,000 sf on 4.15 acres and has full access off Bowman Avenue. The tenants are all local and there is a lot of room for increasing the rental rates (which are currently about fifty percent below market). Many tenants are month-to-month or have less than a year remaining.
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Listed by Joubran Commercial Properties
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Zoning
C-M CommercialSpecial CommercialCommercial Medium
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