Investment Opportunity - Absolute NNN Lease
$1,600,000
Listing Resources
Listing Description
4+ years remaining on an initial ten-year term, with 2 – Five-year extensions in place. NOI $132,920.00 with 2% annual increases. Absolute NNN lease.
Tenant: Lucky Dog Barks & Recreation, a full-service Pet Resort.
Sale Price: $1,600,000
CAP Rate: 8.3%
Listing Details
Listing No : 3198
Sale Or Lease : For Sale
Property Type(s) : Office, Retail
Building Size (Sqft) : 11,200 Sqft
Lot Size (Acres) : 2.02 Acre(s)
Sale Price : $1,600,000
Sale Price Per Sqft : $142.86
CAP Rate : 8.30%
NOI : $132,920
Building Total Sqft : 11,200 Sqft
Parcel No : 08-03.0-112-001
Zoning : Hwy Business
Zoning By : Swansea
Tax Year : 2024
Year Built : 2007
Rehab Year : 2012
Acres : 2.02 Acre(s)
Frontage : 197 ft
Depth : 477 ft
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Matt
Barriger
- Office: 618-277-4400 Ext. 17
- Mobile: 618-973-5507
- mattb@barbermurphy.com