Courtesy of: Stewart Dunbar, Personal Real Estate Corp, Coldwell Banker Horizon Realty
Courtesy of: Stewart Dunbar, Personal Real Estate Corp, Coldwell Banker Horizon Realty
$1,425,000
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2,700 square feet
|
|
Retail
|
$1,425,000
285 ANDERSON DRIVE Fully leased 2, 700 square foot convenience store to a national tenant on 0.6 of an acre (sale of land and building only). Currently in the 5th year of a 5 year lease term with Circle K. Tenant has occupied the Property for over 20 years. In place net income generates a 6.33% cap rate on asking price. Renewal net income (starting in February 2025) will produce a 7% cap rate on asking price. (id:203)