Average square foot calculated using Size range provided by listing agent.
Description
This 2, 209 sq. Ft. Commercial property with an additional garage for storage offers a unique investment opportunity with a 10% cap rate. Located on one of the busiest roads in the Village of Medina, near the high-traffic intersection of East Center and Main, this property enjoys excellent visibility with a daily traffic count of 3, 044. Currently occupied by the building owner, who wishes to sell the property and lease it back, this property ensures a stable and hassle-free income stream for potential investors. The building owner is prepared to sign a Triple Net (NNN) Lease at $1, 500 per month. Flexible lease options include a 10-year lease or a 5-year lease with two additional 5-year renewal options, offering versatility and long-term stability. With its prime location and consistent foot and vehicle traffic, this property is ideally positioned to attract attention and generate reliable returns. Don’t miss this chance to secure a long-term tenant in a highly visible area of Medina. Contact us today for more information!Show Description
MLS® NumberR1613011
Locker
Ensuite LaundryNo
Balcony
Furnished
Laundry Level
Exposure
Exterior
GarageNo
Approx. Age1960
Stories1
Pets
Corp Number
Included in Maintenance Fee
Heat
Hydro
Water
Building Insurance
Condo Taxes
Cable TV
Central Air
Parking Maintenance
Utilities
HeatHeat Pump, Other, See Remarks, Zoned
A/CHeat Pump, Zoned, Central Air
Heating Fuel
Extras
Building Only
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