This is a fantastic investment opportunity for the real estate investor. This property has been leased to Enterprise Rent-A-Car for 17 years. The current lease runs until 8/31/2020 at $2,018.80 per month ($24,225 per year) with the tenant paying the taxes over the base amount of $3,517. The tenant recently requested a 5 year option to renew and extend the lease from 9/1/20 until 8/31/25 at rents that increase 2 % per year. The building has 1568 sq feet including a 1 bay garage and is located on a very heavily traveled road next to I-86. A truly great investment property with a national tenant!
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