NNN Leased Office Investment
Updated historic property w/no historic restrictions.
Marketing description
Historic building with no historic restrictions, this is a signature property that will maintain its value for decades. Currently rented to South Oak Title, a regional credit tenant with 5-year NNN lease, annual rent increases and one 5-year renewal option. Lease start date was 8/23/24. Completely renovated in 2023 with all new windows, two new A/C units, new tankless water heater, new gas lines, some restored flooring and some new. Metal roof still under warranty. Generous off-street parking in rear of building accessible by public alley. Ample free street parking. Maintenance free concrete wheelchair ramp in front. Walking distance to court house, dining, entertainment and financial district. With signed NDA will provide lease synopsis, including rent increases.
Investment highlights
Upside potential with renegotiation of tenant lease to exclude furnished 2nd story apartment (surplus to tenant) with its own entrance, to rent separately for increased revenue or use for owner's personal or residential rental use.
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