Description
Excellent corner lot property on Stark St w/ high traffic. Auto Mechanic shop w/ tire service and a Thai Restaurant. Great opportunity for Investor/Developer/Owner use. Property recently updated exterior w/ Stucco & Fiber Cement Siding. The mechanic shop has an office and two rest rooms. Five year contract w/ two tenants until 2023, each w/ a great payment record and with potential for more income. An excellent cap rate of 7.7%, 5% rent escalation every year. Owner pays only the property taxes.
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0BEDS
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0.2ACRES
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0BATHS
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01/2 BATHS
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2,090SQFT
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$383$/SQFT
School Ratings & Info
Description
Excellent corner lot property on Stark St w/ high traffic. Auto Mechanic shop w/ tire service and a Thai Restaurant. Great opportunity for Investor/Developer/Owner use. Property recently updated exterior w/ Stucco & Fiber Cement Siding. The mechanic shop has an office and two rest rooms. Five year contract w/ two tenants until 2023, each w/ a great payment record and with potential for more income. An excellent cap rate of 7.7%, 5% rent escalation every year. Owner pays only the property taxes.
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