Listed by Greensboro Commercial Properties
$325,000
Fully Leased Retail Condo
Details
Property Type Retail
Sub Type Storefront
Square Footage 2,077
Cap Rate 6.89%
NOI $22,380
Occupancy 100%
Tenancy Single
Lease Type Modified
Lease Term 6
Lease Expiration 12/31/2030
Remaining Term 4.5
Rent Bumps Yes
Price per SqFt $156
Stories 1
Lease Commencement 01/03/2025
Ground Lease No
Retail | 6.89% CAP | 2,077 SqFt
Marketing description
✔ ±2,000 SF retail condominium
✔ Fully leased investment property
✔ Approximately 5 years remaining on lease
✔ Contractual 4% annual rent increases
✔ Annual rents projected to grow from $37,440 to $43,800 during the current lease term
✔ In-place NOI of approximately $22,820
✔ Located within an established retail plaza
✔ Strong visibility along the W. Market Street corridor
Listing Contacts
Listed by Greensboro Commercial Properties
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$22,380.00
$1,865.00/mo
Valuation Metrics
0
DSCR
6.89%
Cap Rate
6.89%
ROI
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