Description
Corner property with a total of potentially six separate spaces. All but one of the spaces are occupied: net operating income and cap rate based upon filling all vacancies. (1) 2016 Denison: current tenant is a convenience store paying $750/month for rent (+$38 for their pro-rata share of the water); (2) 2018 Denison: deli leased for $1,100/month (3 year lease); (3) 2020 Denison: and 2022 Denison leased for $2,100/month (5 year lease) to an event venue; (4) 3401 Clifton: vacant; (5) 3401 1/2 Clifton: leased to an outpatient counselor
Description
Corner property with a total of potentially six separate spaces. All but one of the spaces are occupied: net operating income and cap rate based upon filling all vacancies. (1) 2016 Denison: current tenant is a convenience store paying $750/month for rent (+$38 for their pro-rata share of the water); (2) 2018 Denison: deli leased for $1,100/month (3 year lease); (3) 2020 Denison: and 2022 Denison leased for $2,100/month (5 year lease) to an event venue; (4) 3401 Clifton: vacant; (5) 3401 1/2 Clifton: leased to an outpatient counselor
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