Description
Great Small Store Investment Opportunity with 1,900 Square Feet & 2 Stable Tenants Who Have Been Renting for Many Years: Mojo Printing Since 2010 & Bagels 'R Us Since 2000. Both Have Storefronts Each with 950 Square Feet. Each Tenant Has Their Own Basement & Pay Their Own Utilities with Separate 10-Year-Old Gas Hot Water Boilers & 200 Amp Electrical Service. Doors in Front & in Rear & 8 Parking Spaces. Mojo Printing Pays $1,900/Month, Just Signed 3-Year Lease & Has 3-Year Extension, & Bagels 'R Us Pays $2,250/Month, Just Signed a 5-Year Lease & Has a 5-Year Extension. Both Tenants Pay 3% Rent Increases Each Year & 50% of the Increase in Taxes. Landlord Pays Taxes of $10,600/Yr and $3,200 for Insurance & Does Snow Removal. Net Income of $36,000/Year = 6% CAP Rate.
Location
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