Key Assets

Global Online Auction Of A Two Level Office Condo With Easy Access To I-35 And Close To Retail, Restaurants, And Services. Property Is 100% Leased To Rite Aid With Three Years Remaining (5 Year Option To Extend).

Description:

NOI is $100k/yr +/-. Lease is NNN and should produce a cap rate above 14%. At under $100/SF the property is offered below neighboring units price per foot (average of $115/SF per CoStar).Outstanding turnkey opportunity for smaller investors to buy quality property with credit tenant and enjoy double digit returns.

  • Property Type: Office
  • Square Feet: 6680
  • Lot Size: 4356
  • Year Built: 2004
  • Buyers Premium :5%
    • This is a buyer paid fee to cover the cost of the auction and will be added to the winning bid price to create the purchase price
  • Broker Coop: 3%
  • Inspection Contingency: Yes