Listed by KW Commercial
$575,000
Car Lot - S Garland Ave - New 2 yr Lease
Details
Property Type Industrial
Sub Type Flex
Square Footage 5,035
Net Rentable (SqFt) 5,035
Units 1
Cap Rate 0.73%
NOI $4,200
Occupancy 100%
Tenancy Single
Lease Type Net
Lease Term 2
Lease Expiration 04/30/2027
Remaining Term 2
Rent Bumps Yes
Lease Options 0
Pro-Forma Cap Rate 0.74%
Pro-Forma NOI $4,250
Broker Co-Op Yes
Class C
Buildings 1
Lot Size (SqFt) 5,035
Zoning Comm
Investment Type Net Lease
Tenant Credit Credit Rated
Lease Commencement 05/01/2025
Occupancy Date 05/01/2025
Ceiling Height low
Sale Condition Sale for leaseback
Car Lot Offered at 7 cap
Marketing description
This small car lot has a fresh two year lease and is in extremely high demand. Excellent location with high traffic counts and visibility and an excellent overall tenant mix on S Garland Ave. This investment cashflows extremely well and fits a niche in high demand for car dealers to get started in a small space OR to have an expansion location for a second dealer license.
Investment highlights
Great opportunity for cash flow and/or owner operator.
Listing Contacts
Listed by KW Commercial
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$4,200.00
$350.00/mo
Valuation Metrics
0
DSCR
0.73%
Cap Rate
0.73%
ROI
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