Listed by SVN | Miller Commercial Real Estate Salisbury
$500,000
825 W. Isabella Street
Details
Property Type Retail, Special Purpose
Sub Type Gas Station
Square Footage 1,599
Cap Rate 7.79%
NOI $38,962
Price per SqFt $313
Year Built 1964
Acreage 1.090
Zoning Commercial
Retail | 7.79% CAP | 1,599 SF
Marketing description
Well Trafficked Gas Station and C-store
Investment highlights
- 11 Year NNN Lease in Place With Experienced Operator
- Only Landlord Expense is 1/2 the Property Taxes
- Phase 1 Environmental Completed/passed in 2017
- No Fuel Distribution Agreement in Place
- Tenant Holds All Licenses (Alcohol/lottery) With No Landlord Obligation
- 10,000 Gallon Tanks
- 2 Additional Lots With Separate Addresses
- 3% Annual Increases Begin June 2024
Listing Contacts
Listed by SVN | Miller Commercial Real Estate Salisbury
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$38,962.00
$3,246.83/mo
Valuation Metrics
0
DSCR
7.79%
Cap Rate
7.79%
ROI
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