OFFICE PORTFOLIO INVESTMENT WITH TWO ASSETS
Great location in a fast growing area!
Marketing description
This investment has two assets. Both are part of a condominium property.
3520 Two Mile House Road has a three-year lease that started August 1, 2021, and have just renewed another 3-year lease starting August 1st,2024. They also have an annual 2.5% increase in base rent and are responsible for the CAMS with the Landlord responsible for the Property Taxes. The Tenant is Groups Recover Together. The annual NOI is $43,050. This space consists of 3700 square feet and was remodeled by the Tenant in 2021. The Tenant has two more 3-year options to renew. The Tenant is strong with multiple locations in several states.
3528 Two Mile House Rd. This Tenant started on December 1st, 2022, and is for 7 years and 4 months. The lease has annual increases which will end on year 7 with $17.50/ square foot/ year plus NNN charges. The building was remodeled in 2019 and is being remodeled again in December of 2022 and January of 2023. The tenant is a non-profit that works with autistic people of all ages and is doing very well in this location. This has turned out to be a great fit for this type of service. This is an excellent opportunity.
The rental increases in August 2025 and April 2026
Investment highlights
Excellent location in a high traffic area
Surrounded by several National Companies and Medical offices as well
Well maintained.
Near I-65 exit 68
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