Acquire a commercial property that is fully leased under a long-term NNN leaseThe Business
The Property consists of two land parcels, one of which is occupied by a commercial building that was originally built in 1946 and renovated in 2007, and the second by an asphalt paved parking lot. The commercial building is currently occupied by a special education services program of a local community school on a ten-year NNN lease through August 2017.
Annual rent increases are built into the lease structure.
The Property is located within immediate proximity to historic downtown district that offers a blend of over 140 shops, restaurants and services in a cluster of old and new architecture. The Property has strong visibility along a major highway that provides convenient access to many amenities. The Property benefits from an entire city block paved and lit for parking, plus additional parking on the building site, providing a 4 per 1,000 parking ratio. In the event of re-tenanting the available parking would provide a competitive advantage.
Market
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Sector: Real EstateSegment: CommercialRegion: North AmericaFinancing Size: $1m to $5mContact: Alexander Aginsky
Company: Aginsky ConsultingTelephone: +1 503 546 4049Email: [email protected]