Listed by Southern Vision Real estate
$675,000
2638 Two Notch
Details
APN R11515-01-05
Property Type Mixed Use, Office
Sub Type Auto Shop, Car Wash
Square Footage 2,240
Net Rentable (SqFt) 2,240
Units 1
Cap Rate 5.38%
NOI $36,300
Occupancy 100%
Tenancy Single
Brand/Tenant Enterprise Rent-A-Car
Lease Type Gross
Lease Term 20
Lease Expiration 06/30/2039
Remaining Term 3
Rent Bumps Yes
Class A
Year Built 1960
Buildings 1
Stories 1
Acreage 1.460
Zoning CAC
Investment Type Value Add
Tenant Credit Franchisee
Lease Commencement 07/01/2019
Sale Condition 1031 exchange
RARE FIND! Prime investment opportunity with a guaranteed NNN corporate landlord lease
Marketing description
Prime Investment Opportunity. Current 20 year lease in place with tenant. Excellent location.
Strategic location with rapidly developing commercial corridors
Lease Structure: 5-year guaranteed corporate lease with 4 five year renewal options.
Multiple ingress/egress points off major thoroughfares
Located in front of Midland Shopping Center
Corner of Two Notch and Covenant Road
Investment highlights
Strategic location with rapidly developing commercial corridors
Lease Structure: 5-year guaranteed corporate lease with 4 five year renewal options.
Multiple ingress/egress points off major thoroughfares
Located in front of Midland Shopping Center
Corner of Two Notch and Covenant Road
Listing Contacts
Listed by Southern Vision Real estate
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$36,300.00
$3,025.00/mo
Valuation Metrics
0
DSCR
5.38%
Cap Rate
5.38%
ROI
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