REDUCED BY more than $1,000,000.00! Great for 1031 exchanges or for an investor looking for excellent cash flow from a superb tenant and a lucrative lease. The lease guarantees YEARLY INCREASES by a MINIMUM of 3%, this is NOT a typo, it is YEARLY and a minimum of 3% or more as per CPI. The tenant, The Society of St. Vincent de Paul Thrift Store, is a worldwide organization with over 100 years of serving the needy. With a minimum of $268,000 in annual net operating income, 3.5 years remaining on the current lease with five consecutive 5-year options, all with a NNN lease. Next escalation occurs in April 2010. See your cap rate increase in just a few months. Subject property is just one building away from the new shopping center at 5-Points and should appreciate nicely in the future due to geographic proximity. The city will install a signalized crosswalk just north of the building on Saviers.<br/><br/>Brokered And Advertised By: Century 21 Pacific Rim Realty Group<br/>Listing Agent: ELLERMANN,PETER
This property is off market, which means it's not currently listed for sale or rent on Zillow. This may be different from what's available on other websites or public sources.
