11% Cap Rate, 4,940 square foot building, fully leased, 2 tenants Gross Rent $46, 800 annually Net Operating Income Approx: $40,200.00 annually.
Current owner (Papa Joe's Restaraunt) will stay on a lease back or relocate if desired by buyer.
Cycle Shop leases 50% of the building and has option to renew current lease. - Tenancy: Multiple Tenants
|10 Gb/s: FPL FiberNet LLC|
|25 Mb/s: Verizon Online|
|25 Mb/s: Bright House Networks|
|6 Mb/s: MegaPath|
East Lake-Orient Park
Median rate is a number derived from the median rate of listings posted on 42floors and reports from thought leaders in the area.