Retail building with a single tenant.
Description
The building was built in 1998.
The total area of the building is 1,480 m².
The total area of the land lot is 7,163 m².
Building class is B.
The cost of the property is 6,370,000 $.
Absolute annual income is 382,200 $.
The current yield of 6%.
The building is fully rented by a single tenant.
The lease agreement includes multiple extension options for 5 years.
The tenant is one of the largest pharmacy store of USA with more than 8,000 pharmacies in all states.
Lease type: NN lease (landlord is responsible for roof and structure).
The building is located in one of the biggest cities in the Manatee Country, Florida. The number of inhabitants in the city is more than 50,000 people. Several big companies have theirs head quarters in the city.
The building is situated on a hard corner location and is strategically positioned in major retail corridors.
