Price: $10.2 Million
Cap Rate: 3.8%
Lot:4834 sq ft corner
Building : 8,667 sq ft
Lease Type : NNN
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Investment Highlights:
Roof and Structure Landlord responsible
Lease term 15yrs
Rent Commencement 2012
Increases 10% every 5 yrs
Options after original 15 yr term+ 4 -5 yr options
Rent Schedule:
Years 1-5 $355,000 ($29,583.33 per month)
Years 6-10 $390,500 ($32,541.66 per month)
Years 10-15 $429,550 ($35,795.83 per month)
Years 16-20 $475,505.00 ($39,375.41 per month)
Years 21-25 $519,755.50 ($43,312.95 per month)
Years 26-30 $571,731.05 ($47,644.25 per month)
Years 31-35 $628,904.16 ($52,408.68 per month)
2019 Total Population Within 1 Mile of Subject Property: 125,592
2019 Total Population Within 3 Miles of Subject Property: 864,420
Total Households Within 1 Mile of Subject Property: 44,099
Total Households Within 3 Miles of Subject Property: 305,498
Median Household Income Within 1 Mile of Subject Property: $56,996
Median Household Income Within 3 Miles of Subject Property: $53,892