3077 ALT 19 N

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.