Description
This 5,476 Square Foot building with 7 overhead doors and a 50' X 150' vacant Lot. Property comes with the balance of a 5 year lease with one 5 year option to renew the lease. Lease is a modified triple net lease with tenant responsible for real estate taxes, insurance and maintenance. Present monthly rent is $4,500.00 per month. Total annual income is $54,000.00 per year. Tenant has first right of refusal should the seller receive a acceptable contract. Any contract would be subject to the tenant not exercising their First Right of Refusal. Property is in very good condition. Vacant lot is fenced. Corner building has frontage on three sides. Property has great signage. Tenant is operating a auto body shop. Lease started April 30, 2021.
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0BEDS
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0.48ACRES
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0BATHS
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01/2 BATHS
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5,476SQFT
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$142$/SQFT
School Ratings & Info
Description
This 5,476 Square Foot building with 7 overhead doors and a 50' X 150' vacant Lot. Property comes with the balance of a 5 year lease with one 5 year option to renew the lease. Lease is a modified triple net lease with tenant responsible for real estate taxes, insurance and maintenance. Present monthly rent is $4,500.00 per month. Total annual income is $54,000.00 per year. Tenant has first right of refusal should the seller receive a acceptable contract. Any contract would be subject to the tenant not exercising their First Right of Refusal. Property is in very good condition. Vacant lot is fenced. Corner building has frontage on three sides. Property has great signage. Tenant is operating a auto body shop. Lease started April 30, 2021.
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