Free Standing Retail for Sale - 3.5 Years of Term Left

Highlights

• Minimal Contractual Responsibility by Landlord. The Property is leased Absolute NNN, with the tenant reimbursing for all property expenses, maintenance, and structural repairs.
• High Traffic Retail Corridor. Fronted on University Blvd (32,000 VPD), The Property is located in a densely populated trade area with a population of over 86,000 within a 3-mile radius.
• Recent Renovations. Extensive upgrades have been made to The Property, including a newly added kitchen and hood ventilation system, grease trap, bathrooms, retail space, HVAC, gas lines, and electrical upgrades from street to building and throughout The Property.
• Stable Income with Significant Upside. Producing $74,160 in income and 3% annual escalations for the remaining term, this stable asset provides upside through significantly below-market rents.

Description

Prime Realty is proud to present, For Sale, this approximately 5,996 SF property on 0.66 acres of land. Fronted on University Blvd S (32,000 VPD) adjacent to long-standing Zaxby's, this Free Standing retail building is leased, absolutely NNN to Tienda Mi Rancho, a successful Hispanic Grocer and full service restaurant. The Property has recently undergone extensive interior upgrades, including the kitchen, bathrooms, retail space, and electric. With 3.5 years of term left at below market rents and no renewal options, this is the perfect opportunity for an investor seeking to bring the rent up to market or an Owner-User looking to collect income for the remaining term.

Located at University Blvd S across from Bennet Rd