This well-maintained commercial property offers approximately 12,000 square feet of income-producing space with two established tenants. The main unit, a beauty supply shop, encompasses about 10,000 to 10,500 square feet and is leased at $8,225 per month including sales tax, with a 3% annual rent increase in place. The current lease runs through July 31, 2032, providing seven years of remaining term. Under the lease agreement, the tenant pays 50% of the property taxes and liability insurance, while the landlord covers the remaining 50% of the taxes. The end unit, a barbershop of roughly 1,500 square feet, is leased at $2,300 per month. This tenant has occupied the space for 15 years and continues on a month-to-month basis, paying liability insurance but not property taxes.
The property itself has been well cared for, with a roof that was replaced approximately seven years ago and a new 20-ton AC unit installed in 2023. Parking includes 15 dedicated spaces with the potential to create an additional eight spaces by removing an on-site container. Landlord expenses include 50% of the property tax obligation along with approximately $1,000 per month for insurance. With a long-term lease in place on the primary unit and proven long-term on the secondary space, this property presents both stability and future opportunity for investors.
Property Features
Cooling Information
Central Air
Electric
Heating Information
Central
Electric
Parking
On Street
Parking Lot
Listing Courtesy: PREMIER HOMES REALTY INC - 904-214-4780