Multi-Tenant Enterprise Rent-A-Car Anchored Investment
Retail | 6.30% CAP | 4,596 SqFt
Marketing description
Opportunity to own a recently opened and renovated 2,500 SQFT Enterprise Rent-A-Car Rental NN Lease with prorated reimbursment on property taxes and common area maintenance. Three 5-year renewals remain with 2% increases annually. Enterprise recently remodeled in 2023 - demonstrating their investment in this location.
The adjoining Residential unit is 3 Beds, 2.5 Baths with updated HVACs, flooring, plumbing, and electrical. The property presents an ideal opportunity to invest in a strong commercial tenant, diversified with a residential tenant. Current Gross Income $63,000, with an NOI of $53,500/yr with a calculated CAP Rate of 6.3%.
Near Kinsley's ShopRite, Autozone, Dollar General, Dunkelberger's Sports Outfitter, Ace Hardware and Weis Markets.
Investment highlights
- NN Lease with Annual Esclations
- Three 5-Year Renewal Extensions
- Recent Tenant Investment in Property
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