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Strong National tenant with Newer Lease No Rating Yet
Aurora, CO
Category: tic
Price: $250,000
Year Built: 2004
Sq Ft: 92000
Price/sqft: $2.72
Cap Rate: 8.50%
Currently Leased? yes
Expected Market Rent (monthly): $38,873
Description:     National sporting goods store is the tenant on year 3 of a 10 yr. lease with 4-5yr options to renew. Rent increases every 5 years(with 1st one in 2009).The minimum cash investment is $250,000. Total acquisition is $6,800,000 with approx. 50% LTV.