About this property

PRIME LOCATION FOR SALE WALKING DISTANCE TO WINTHROP UNIVERSITY! BRAND NEW TENANT! BRAND NEW 5 YEAR LEASE WITH ONE 5 YEAR OPTION! WITH ANNUAL RENT INCREASES OF 5%! CAP RATE IS 5.4% AFTER NOVEMBER 1, 2024 WITH A NN LEASE! LANDLORD PAYS PROPERTY TAX FOR FIRST YEAR! LANDLORD ONLY RESPONSIBLE FOR ROOF AND STRUCTURE! ONLY 1.3 MILES AND A 20 MINUTE WALK TO WINTHROP UNIVERSITY! ONLY .4 MILES AND A 9 MINUTE WALK TO WINTHROP COLISEUM! 99 FT FRONTAGE ON CHERRY RD! BUILT IN 2000! 16 PARKING SPACES! 25,840 VEHICLES PASS BY PER DAY!

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