Listed by Dalton Wade Real Estate Group
$3,500,000
2016 Town Center
Details
Property Type Retail
Sub Type Restaurant, Storefront
Square Footage 6,800
Net Rentable (SqFt) 6,800
Units 1
Cap Rate 6.51%
NOI $228,000
Occupancy 100%
Tenancy Multi
Rent Bumps Yes
Price per SqFt $515
Broker Co-Op Yes
Year Built 2005
Year Renovated 2024
Stories 1
Acreage 1.500
Zoning C1
Parking Spaces 119 spaces
Parking Per SqFt 17.50
Investment Type Net Lease
Tenant Credit No Credit Rating
Lease Commencement 06/01/2023
Occupancy Date 02/01/2023
Ownership Fee Simple
Retail | 6.51% CAP | 6,800 SF
Marketing description
Former restaurant and night club, ready for redevelopment with many possible uses.
Investment highlights
Ready for redevelopment
Easy access to Crosstown
Near Brandon Mall
Listing Contacts
Listed by Dalton Wade Real Estate Group
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$228,000.00
$19,000.00/mo
Valuation Metrics
0
DSCR
6.51%
Cap Rate
6.51%
ROI
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