Description
Long-term tenant 7-11 Inc. has occupied this corner property in the Admiral Junction since 1968! Single tenant has an Absolute Net Lease with an annual base rent of $25,200 until 2/1/2025. Tenant has two 5-year options to extend with 1st option term Base Rent fixed at $25,410 and 2nd option term at fair market rent. 8,973 SF corner lot with alley access zoned NC2P-55 (M). On a bus line and in a highly desirable neighborhood with the population projected to increase over 8% within 1 mile in the next 5 years. Great opportunity to own a hands-off investment property with a long-term stable tenant in a prime location.
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0.21ACRES
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01/2 BATHS
School Ratings & Info
Listing information ©2023 Northwest MLS. Listing courtesy of Windermere Real Estate Midtown.
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Description
Long-term tenant 7-11 Inc. has occupied this corner property in the Admiral Junction since 1968! Single tenant has an Absolute Net Lease with an annual base rent of $25,200 until 2/1/2025. Tenant has two 5-year options to extend with 1st option term Base Rent fixed at $25,410 and 2nd option term at fair market rent. 8,973 SF corner lot with alley access zoned NC2P-55 (M). On a bus line and in a highly desirable neighborhood with the population projected to increase over 8% within 1 mile in the next 5 years. Great opportunity to own a hands-off investment property with a long-term stable tenant in a prime location.
The listing data relating to real estate for sale on this web site comes in part from the Northwest Multiple Listing Service. Real estate listings held by brokerage firms other than Costello Team | Windermere Real Estate are marked by the "three tree" symbol; detailed information about such listings includes the names of the listing brokers. The three tree icon refers to an NWMLS listing. Data last updated 2023-12-05T16:14:36.603. The "Days on Site" data field is calculated by BoomTown and is the number of days since the listing was originally received in our system. It is not the equivalent of "Days on Market". Based on information submitted to the MLS GRID as of 2023-12-05T16:14:36.603. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.