Overview
Calling All Investors, Developers & End-Users!!! 15.11 Cap 5, 200 Sqft. 4 Unit Corner Shopping Center/ Development Site For Sale!!! The Property Features Excellent Signage, Great Exposure, High Ceilings, Separate Meters, Private Parking Lot, 32+ Parking Spaces, Strong Zoning, Signalized Intersection, Gated Private Yard, All New LED Lighting, +++!!! The Property Is Located On The Corner Of N. Wellwood Ave. & Straight Path Across The Street From CVS. This Property Has A Daily Traffic Count Of 46, 700+ Vehicles Per Day!!! The Building Is Located Next Door To A Large Municipal Parking Lot! Neighbors Include CVS, Applebee’s, Outback, Chase, Blink Fitness, BP, +++!!! This Property Has HUGE Upside Potential!!! This Could Be Your Next Development Site / The Next Home For Your Business!!! Income: #722 & 724 Clothing Warehouse Outlets & More (3, 200 Sqft.): $102, 000 Ann. Lease Exp.: 11/30/27 + 5 Year Option. #720 Acupuncture (1, 000 Sqft.): $30, 000 Ann. Lease Exp 9/1/2029; 3% Ann. Inc. #718 R. Barany Monuments (1, 600 Sqft.): $26, 400 Ann. Lease Exp.: 2/28/28. Yard: $24, 000 Ann. (Available) Gross Income: $182, 400 Ann. Expenses: Gas: $0 Electric: $0 Maintenance: $250 Insurance: $3, 230.26 Ann. Taxes: $20, 259.52 Ann. Total Expenses: $23, 739.78 Ann. Net Income: $158, 660.22 Ann. (Pro Forma 15.11 Cap!!!)