Listed by LOCATION Commercial Real Estate
$2,880,000
5201-5203 Broadway Street
Details
Property Type Retail, Land
Sub Type Commercial
Square Footage 6,720
Cap Rate 7.43%
NOI $213,856
Occupancy 100%
Tenancy Multi
Lease Type NNN
Price per SqFt $428
Year Built 2012
Acreage 0.740
Retail | 7.43% CAP | 6,720 SqFt
Marketing description
For Sale
Investment highlights
- 100% Occupied two tenant Wal-Mart outparcel
- Corporate guarantees from both tenants
- All tenants are NNN leases
- Price: $2,880,000 7.43% Cap Rate
- NOI $213,856
- Price PSF $428
- Occupancy 100%
- WALT 3.95 Years
- Building Size 6,720 SF
- Parcel Size 0.74 +/- Acres
- Year Built 2012
- Outparcel to Wal-Mart Super Center
- Built in rent bumps during initial term & options
- National and regional tenants with 13+ year tenure
- Located in main retail corridor surrounded by national retailers including Wal-Mart, Home Depot, Sam’s Club, Lowes, Kohls, Dick’s Sporting Goods
- High traffic location - 18,300+ VPD on Broadway.
Listing Contacts
Listed by LOCATION Commercial Real Estate
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$213,856.00
$17,821.33/mo
Valuation Metrics
0
DSCR
7.43%
Cap Rate
7.43%
ROI
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