100% occupied 10 Unit Retail Strip Center, collecting nearly $108,000 annual rent. Located on the busy intersection of Charleston and Nellis with a combined traffic count exceeding 80,000 cars daily. This center is great for both the novice and experienced investors who are searching for an opportunity that is established and works itself. The property expenses are very minimal which allows for an annual return of 8%. Sales Info: ■ Cap rate: 8.0% ■ Commision split: 2.5% ■ NOI: $95,600 Location Description: Property features high traffic counts and is surrounded by a densely populated area. Highlights: ■ Psychic - 5 years ■ Barber shop - 18 years ■ Bakery - 5 years ■ Private office - 2 years ■ Insurance - 7 years ■ Smoke Shop - 3 years ■ Clothing store - 3 years ■ Income Tax - 6 years ■ Church - 5 years ■ Beauty/Nail Salon - 5 years « show less
100% occupied 10 Unit Retail Strip Center, collecting nearly $108,000 annual rent. Located on the busy intersection of Charleston and Nellis... show more »
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