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tomderkas
Site Admin
Joined: 10 Sep 2006 Posts: 831
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Grand Junction, CO-Two-Tenant Building-Starbuck's/Blockbuste |
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Two-tenant building with Starbucks & Blockbuster located in Clifton (Grand Junction), Colorado.
Location is high-traffic with virtually no retail supply in this busy area. GREAT 1031 PROPERTY. 10-years remaining with admin and mgmt fees included on the NNN leases. Original building is five-years old.
Details:
Blockbuster:
Term: 7/26/02 – 7/31/17
Rent: 9/22/06 – 9/21/11 = $78,400
9/22/11 – 7/31/17 = $86,240
Expenses: Tenant pays CAM, Insurance, and Taxes; 12% Mgmt/Admin Fee on CAM.
Starbucks:
Term: 1/01/07 – 2/28/17
Rent: 1/01/07 – 4/01/12 = $64,077
4/01/12 – 2/28/17 = $71,225
Expenses: Tenant pays CAM, Insurance, and Taxes; 10% Mgmt/Admin Fee on CAM.
SF - 5,000
Total NOI - $142,477
Cap - 6.75%
Price - $2,110,770
GREAT PROPERTY IN AN AMAZING LOCATION!
_________________ For more information, contact: tomderkas@franchiserealestate.com |
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| Wed Dec 20, 2006 9:29 pm |
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