100% Occupied Retail Strip | Grandfathered Medical Use
Retail | 6.72% CAP
Marketing description
Smith Commercial Property Group is pleased to offer a fully leased multi-tenant retail strip that presents an attractive opportunity for an investor, user-investor, or future owner-user seeking flexibility and immediate income. Offered at a 6% cap rate, the property benefits from 100% occupancy, established cash flow, and grandfathered medical use, creating added value for a wide range of buyers. Each tenant lease includes an exit clause, allowing for the potential to accommodate a full-building user over time. The site also offers ample parking, further enhancing accessibility and functionality for both retail and medical-oriented uses.
Investment highlights
Stable In-Place Cash Flow – 100% occupied multi-tenant retail strip providing immediate and consistent income, offered at a 6% cap rate.
Owner-User Flexibility – All tenant leases include exit clauses, allowing a future buyer to potentially occupy the entire building over time.
Grandfathered Medical Use – Rare and valuable entitlement already in place, supporting a wide range of medical and service-oriented tenants.
High-Demand Retail Corridor – Positioned along a heavily trafficked commercial corridor with strong visibility and consistent consumer activity.
Diverse Tenant Mix – Service-oriented tenancy that drives daily traffic and provides resilience through varying economic cycles.
Ample On-Site Parking – Convenient parking enhances accessibility for both retail and medical users, improving tenant retention and customer experience.
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