Listing Details
PRICE : $1,998,000
CAP RATE: 6.6%
NOI: $131,820
LEASE TERM: 15-Years
LEASE TYPE: NNN Lease
TURNOVER (estimated): March 3, 2026
RENTAL INCREASES: 5% every 5th Year
RENEWAL OPTIONS: (5) 5-Year Options
BUILDING SIZE: 9,100 SF
LOT SIZE: 1.971 Acres
TMS: 030-02-05-033
GUARANTOR: Corporate
HIGHLIGHTS
· No grocery within the trade area
· 5% rent increase every five (5) years
· Consistent population growth - 1.38% 5-mile
· The site is strategically positioned to all the housing on the going home site of Wylie Avenue, leading to an expansive, rural residential area.
· 5-mile average household income $83,567
· 9,100 SF
· Brand New Construction
· NNN – Zero Landlord Responsibilities
· 15-Year initial term NNN lease
· Five (5) year options
Property Photos
