Great Investment in 7409 Avenue U! First time on market Income generating Commercial Retail space for sale. 4,000 Sqft property. Currently rented to restaurant business El Posto that has been serving the neighborhood for 20 years. The tenant has a lease for 5 years with 5-year options at 3% increase each year. A modified Net lease where the tenant pays all utilities, insurance, maintenance of building, heating/ cooling system. The owner is only responsible for structural repairs and real estate taxes. Annual rent is $84,000. Net income is $50,685. 5 percent cap rate. Seller financing is available with 60 percent down payment. All serious offers will be considered.
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