Opportunity Zone Investment! Newer 7,205 sf retail center on a 15,200sf lot. The center was built in 2008. It is 88% leased with only one 907 sf space vacant. Existing tenants include Subway, Metro PCS, Golden Hook Fish & Chicken and Austin Wine & Spirits. Current NOI is +/-$126,296, and cap rate based on existing NOI is 10.4%. When vacancy is leased at current market rents NOI will jump to $150K and cap rate would be increased to 12%. The property is professionally managed and there is pylon signage. **THIS PROPERTY IS AVAILABLE AS A PORTFOLIO WITH 5235 W. CHICAGO**
one store is around the corner,1206 north central.two pins numbers to this property.5 stores all is rented out.seller said make your offer,all you pay is water and the taxs.call agent for more details.