For Sale
For Sale
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Year Built
1970
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Total Building Size
7,500 RSF
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Overview
Very heavy vehicle traffic at 48,000. Mixed retail, medical, office and residential New 1.6M Appraisal. 7.7% CAP. This single-tenant investment property sits on busy Veterans Boulevard across from Rouse's Supermarket near Transcontinental. Home to Bath Fitters flagship location for the metro area, the property was renovated in 2015 to provide the store with a beautiful showroom, plus a compliment of offices for their staff, including a conference room and separate break room along with a 1,500 sf warehouse in the rear. The property is zoned C-2 and includes a 8,030 rear lot (zoned RR3). Owner will guarantee $114,000 NOI until end of current lease in April 2020. 7.6% CAP Rate!
Property Details
Very heavy vehicle traffic at 48,000. Mixed retail, medical, office and residential New 1.6M Appraisal. 7.7% CAP. This single-tenant investment property sits on busy Veterans Boulevard across from Rouse's Supermarket near Transcontinental. Home to Bath Fitters flagship location for the metro area, the property was renovated in 2015 to provide the store with a beautiful showroom, plus a compliment of offices for their staff, including a conference room and separate break room along with a 1,500 sf warehouse in the rear. The property is zoned C-2 and includes a 8,030 rear lot (zoned RR3). Owner will guarantee $114,000 NOI until end of current lease in April 2020. 7.6% CAP Rate!
- Property TypeRetail
- Submarket
- Year Built1970
- Sale Price$1,480,000
- Total Building Size7,500RSF
- Total Acres0.44
- Sale StatusAvailable
- Property ID1988539