Fully Leased Investment Property / Long-Term Triple Net Lease / 10.35% Cap Rate/ An excellent opportunity to acquire a fully leased commercial investment property with a secure, long-term tenant in place. This 4,260 sq. ft. building has been built for licensed daycare operations and is now secured under a brand new 10-year Triple Net (NNN) lease beginning in 2024. With an asking price like this, this asset offers an attractive initial cap rate of 10.35%, with upside as rents escalate in the second half of the lease. The tenant has demonstrated strong operational performance in the daycare sector, ensuring long-term value and low vacancy risk. * PREC - Personal Real Estate Corporation (id:60626)
| MLS® Number | C8068819 |
| Property Type | Office |
| Road Type | Paved Road |
| Constructed Date | 1960 |
| Size Interior | 4,260 Ft2 |
| Acreage | No |
| Size Irregular | 0.17 |
| Size Total | 0.17 Ac |
| Size Total Text | 0.17 Ac |
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