Listed by Landmark Commercial Real Estate Services
$1,449,000
40901 Hayes Rd,
Details
Property Type Retail
Sub Type Freestanding
Square Footage 10,804
Cap Rate 7.20%
Occupancy 100%
Tenancy Single
Lease Expiration 05/30/2029
Remaining Term 4
Price per SqFt $134
Year Built 2007
Acreage 2.440
Zoning R-60 (One family residential)
Lease Commencement 05/31/2029
Retail | 7.20% CAP | 10,804 SqFt
Marketing description
This strategically located freestanding building presents an
Attractive investment opportunity, delivering steady income with
Room for value-add enhancements.
Investment highlights
- Excellent visibility and access along Hayes Road
- Modern construction, built in 2007
- Situated within a densely populated residential area
- Under market rents in place
- Tenant has been there 16 Years, since 2009
- Recently extended for 5 Years in June 2024
- Currently no option period beyond 2029
- Cap rate towards the last years of the lease becomes a 7.4% return
Listing Contacts
Listed by Landmark Commercial Real Estate Services
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