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DescriptionThis Planet Fitness anchored center is a fabulous investors opportunity!! Excellent cash flow and 8% cap rate. All tenants are very long term for great cash flow stability. Recently renovated from top to bottom. There is an additional, approximately 11,500 square feet in hard shelf space for added income. The land lease payment is currently $783 per month with approximately 52 years left on it. Lots of parking. The sale includes a second building which is approximately 1000 square feet. Direct Auto Insurance is the tenant.And also another parcel which includes parking lot and a vacant lot which has room for more buildings. Has great exposure.
Roof, parking lot interiors of units are all renovated within the last 4 years.