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5 unit commercial strip mall , 5 units vary in size from 850 to 1350 sq.ft.. Each unit has its own furnace, water heater and storefront doors, all separately metered for gas and power.. many past uses including pizza restuarant. At present unit is vacant but landlord is in the process of negotiating with tenants. The occupied units include a drugs store, second hand furniture store , a thrift store and a bakery .. Long term lease on the drug store... when fully occupied gross income should be $ 48,000/ year on a NNN basis, which will return a cap rate in excess of 10%. This is a great investment opportunity to own a small strip mall at a steal of a price..
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Introduction to Investing in Commercial Real Estate
[vc_row][vc_column][vc_column_text]RE/MAX recently released its 2017 Commercial Investor Report, highlighting trends and market activity in several key markets. Following up on the report, we have compiled some introductory tips from some of our brokers and agents for investing in commercial real…