The one-storey building with retail units.
Description
Total area of the property is 1,404 m².
The plot size is 7,689 m².
The property was built in 1980.
All areas are leased out.
The cost of the property is 6,014,609 $.
Absolute annual income is 345,840 $.
The current yield of 5.75%.
The tenant is a large pharmacy chain.
The long-term lease agreement with multiple 5-year options.
Type of agreement: NN lease.
The property is located in fastest growing city with a population of over 20,000 people at the intersection of two busy streets.
Public transport stops, numerous cafes, a supermarket, a bank and a sports complex are situated next to the building.