Active $324,500 - Commercial Property - Active
Excellent investment property. Current tenant is Enterprise Leasing. Tenant has occupied space since 2006 (original lease). Current lease term began Nov 2021 extending to Oct 31, 2031 (rent is $1,100 per month with increase to $1,300 in Nov 2024 then again to $1,400 in Nov 2027 until end of term) with a renewal option of an additional 3 years to follow (rent to be $1,500/mth). Lease attached in documents. In 2020, tenant remodeled building at their expense spending approx $150,000. HVAC & Roof new in 2019 by landlord. Tenant reimburses all taxes & insurance.