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Great investment opportunity! Close to Pelican Brewery, Degarde Brewery and many other local business's and retailers. Great visibility from Hwy. 101 and excellent location with traffic counts of 10,600 + daily
Property Highlights;
- 2,450 sq. ft. building with lot size is 25 feet wide x 100 feet deep.
- Originally built in 1910 and completely rebuilt in 2015 with new roof, doors, windows, HVAC, electrical and plumbing.
- Has increased insulation, LED lighting & very efficient heat pump heating and cooling.
- Meets current ADA guidelines and has 2 ADA restrooms.
- Great visibility from Hwy. 101 and excellent location with traffic counts of 10,600+ daily.
- Close to Pelican Brewery, Degarde Brewery, and many other local business's and retailers.
- Large parking lot nearby. CC Zoning; community commercial zoning allowing office and retail uses.
- Completed Phase I & II report with no further action letter from DEQ. Site was a dry cleaners around 1940.2,450 sq. ft. building with a lot size of 25 feet wide x 100 feet deep. Originally built in 1910 this building has been completely rebuilt in 2015 with new roof, doors, windows, HVAC, electrical and plumbing.
- Tenant is an authorized Verizon Wireless retailer.
- Quality tenants with 152.4 million in annual revenues and 550 employees.
- Tenants are one year into a 5 year lease with option to renew for another 5 years.
- Current rent is $3,090.00 + $250.00 NNN.
- 3% annual increases.
- NNN lease. Tenant pays all cost including insurance and property taxes
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