Description
Great investment property with an 8.25 CAP rate. The property operates as a pre-owned auto dealership and is situated on a flat, corner lot with 100 feet of frontage on State Route 17M. The building features a clean showroom with a private office and is constructed with a frame and stone facade. The lot can accommodate approximately 50 vehicles, making it ideal for auto sales or other retail/service businesses. The location benefits from high visibility, with an average daily traffic count over 19,000 vehicles. This property is currently leased to a tenant with two years remaining on a five-year lease with built in increase as an agreed upon term. Tenant has an option for an additional five-year lease.
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0BEDS
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0.35ACRES
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0BATHS
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01/2 BATHS
School Ratings & Info
Description
Great investment property with an 8.25 CAP rate. The property operates as a pre-owned auto dealership and is situated on a flat, corner lot with 100 feet of frontage on State Route 17M. The building features a clean showroom with a private office and is constructed with a frame and stone facade. The lot can accommodate approximately 50 vehicles, making it ideal for auto sales or other retail/service businesses. The location benefits from high visibility, with an average daily traffic count over 19,000 vehicles. This property is currently leased to a tenant with two years remaining on a five-year lease with built in increase as an agreed upon term. Tenant has an option for an additional five-year lease.
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