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
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