US Highway 95 North
- 7% CAP Rate on Existing Income
- Collect Income while holding Industrial Land
- Future Development Opportunity
- 6% Annual Lease Rate Increases
- Lease Expires 2027 with Options to 2030
Property Description
An excellent opportunity to invest in industrial land, while still collecting income. One of the few industrial zoned rural properties in the area. This 15 acre parcel is level and graded, fenced and improved for access. Water, sewer and electricity is available within a short distance from the property. This property is leased for at least the next four years to a high BB+ Rated tenant using it as a staging yard for contracts in the area. The income is in the form of annual payments, with a 6% annual rent increase, garnering a 7% CAP rate on the investment.
Key Property Information
| Listing Status: | Unavailable |
|---|---|
| Listing Type: | Call for offers |
| Property Types: | Land/Development |
| Price: | $5,300,000 |
| Lot Size: | 15.00 Acres |
| Opportunity Zone: | No |
| Property Website | Click Here |
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