- Property has Triple-Net Lease.
- 13 Years remaining on lease term.
- No competition in town.
- Complete 2010 remodel and expansion.
- Corporate guarantee.
- Tenant reports sales-exceptional.
- Price – $ 1,215,000
- Cap – 6.75%
- N.O.I. – $81,989
Wells Street Darlington, WI 53530
$1,215,000.00
Details
- Property has Triple-Net Lease.
- 13 Years remaining on lease term.
- No competition in town.
- Complete 2010 remodel and expansion.
- Corporate guarantee.
- Tenant reports sales-exceptional.
- Price – $ 1,215,000
- Cap – 6.75%
- N.O.I. – $81,989
Additional Information
| Asset Type | Retail |
|---|---|
| Broker | Sadya Liberow |
| Price | $ 1,215,000 |
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Property is currently 100% leased
Strong retail corridor with heavy foot and car traffic on both sides of the streets
All tenants have 3% annual rental increases -
Strong retail corridor with heavy foot and car traffic. Tenants reimburse some expenses. Minimal management asset. There is no basement here. Below market rents and an upside driven asset
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Development Opportunity on Webster Avenue, Bronx.
- Vacant Lot
- R7B Zoning
- 27,000 Sq Ft Total Buildable
- Hotel Development slated to begin across the street from property
- Short walk to 205th St [D] Train
- One block from E. Gun Hill Rd & Bronx River Pkwy
