Promise Realty LLC
Promise Realty LLC
Listed by Promise Realty LLC
$1,650,000
Merrick Plaza
Details
APN 66-102-66
Property Type Retail
Sub Type Storefront
Units 4
Cap Rate 6.00%
NOI $150,120
Year Built 1966
Buildings 1
Acreage 0.344
Parking Spaces spaces
Retail | 6.00% CAP
Marketing description
+Strip Mall for sale, Cap 6%, Gross income 150K, Net Income(NOI)100K,
+ Only Cash Buyer
+ Fully Leased, Long Leases, Stable Income. current tenants- Nail Spa, Smoke Shop, Pharmacy, Storage
+High Traffic (Strong visibility on Merrick Rd), Retail Strip Mall
+Investment Opportunity,
+17 parking front and back
+Stable long-term tenants through 2033-2038, value-add potential(renewal).
+good for 1031 buyer, retirement cash flow,
Listing Contacts
Promise Realty LLC
Promise Realty LLC
Listed by Promise Realty LLC
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$150,120.00
$12,510.00/mo
Valuation Metrics
0
DSCR
9.1%
Cap Rate
9.1%
ROI
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