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Investment Property with a long term tenant who has 5+ years remaining on the corporate lease with a National Auto Part Store. Tenant has exercised their 5 year renewal option (last before lease is renegotiated). Tenant has been at the same property for over 23 years. The building has 2,030 square feet storefront and 5,280 square feet of warehouse space not including the large mezzanine level. Tenant distributes to 24 other stores through this location. Cap rate is 5.4% during the 5 year option period. Tenant pays 75% of the property taxes and all of the utilities. Seller is 86 years old and reducing his investments. HVAC was replaced 4/2011. Building was painted and parking lot repaved in 2016. Metal roof is in good condition. Not in a flood zone area. Building has three overhead doors; one with full size loading dock.

Property Details of 3077 Alt 19 N

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Listed by Bill Church of FUTURE HOME REALTY INC

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Based on information submitted to MFRMLS as of October 15, 2021 . All data is obtained from various sources and has not been, and will not be, verified by broker or MFRMLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. NOTICE: Many homes contain recording devices, and buyers should be aware they may be recorded during a showing.

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