NEW PRICE** Huge Price Drop **HURRY to this Great Property for an Investor! This unit was fully built-out as a cafe. This property is under a five-year lease. We are two years into the five-year lease, which is renewable for another five years at Tenant's discretion. As part of the monthly rent payment, the Tenant pays to the Landlord property taxes and condo fees (on an actual basis and is responsible for increases). The Tenant also keeps insurance with the Landlord named as Additional Insured. This is a safe and predictable investment property with a NEW 7.15% CAP rate. The property has a full kitchen including an extended length hood (12-feet long and five feet deep), so it will always be in demand as a rental investment property. The buildings were completed in the 2007 time-frame. The current tenant is operating a growing popcorn business and has opened a second location within only two years in operation. The tenant is current on rent. The retail/office center is now fully operational with dentists, hair-salons, a pizza shop, therapists, and many other uses. There are a daycare center and retirement housing within walking distance. The center is located just off the busy Prince William Pkwy and Minnieville Road intersections and is surrounded by vibrant residential and commercial neighborhoods. If you or your client have been looking for a safe, commercial property to invest in, where the tenant pays all the taxes and operating expenses, then this is the one for you. Just check out our flyer for more details about the property. Call Karrina with any questions or to make arrangements to view the property. An advance appointment is required.
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