Property History
Excellent absolute NET investment opportunity with an established multi state credit tenant. The subject is fully leased to Black Rock Coffee Bar on a 10-year term that commenced in August 2021 that includes two 5 year options to extend. Current rent is $4,967.16/Mo and increases by 2.5% every August. This location was established in 2018 and has a great track record of performance. The site is a .24 AC corner lot with a 462 SQFT Building was completed in October of 2018. This location is along River Road N and Dietz Avenue NE with frontage along River Road N, which is a well-traveled arterial. The subject improvements are in good condition and are of good quality. Listing Agent is a member of the selling entity.
Absolute Net Investment with Multi State Credit Tenant on 10 year lease with 5 year options.
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