A fully leased two tenant building across from Overland City Hall & police station. 1,040 sq. ft. office space on one side leased to AG Edwards since 1995 with current monthly rent of $600 until June of 2017, escalating to $625 until June of 2019 then $650 until June of 2020. Side two leased to The Switch Stand, a unique model train shop with approximately 2,000 sq. ft. of retail space since 2009 at a monthly rate of $900 & desiring to stay with the right new owner fit. There is basement storage on side two as well. Calculated as total of 4,924 sq. ft. in tax records. Plenty of parking for 10 vehicles. Great investor cap rate of 7.5% at current rents. Roof less than 1 year old. 2,000 square foot side offers great retail presence plus 2,000 square foot basement storage. Can't get near this vs leasing especially with 4yrs left on Ag Edwards lease bringing in supporting income.
Listing courtesy of Mike Fisher & Associates