Property Description

Prime commercial investment opportunity located within the City of Stevens Point Highway 10 corridor. This 12,000 SF building is comprised of four suites consisting of restaurants, medical uses, and zoned for retail or general business. The building is considered Unit 2 of 10 East Condominium and is responsible for 28.57% of the parking lot maintenance and landscape services. The three current tenants are all local staples with established tenure at this location. Currently, the three suites gross $9,700.00 monthly and have multiple years remaining on their respective lease agreements. The vacant suite is projected to produce $3,000 per month totaling an annual rental roll of $152,400.00. At that projected gross rent amount, the NOI is $110,102.00, and the Cap Rate is 7.8 with a 1.13 DSCR. With high visibility, an astonishing volume of traffic along Highway 10, and functional layout, this commercial property is an exceptional real estate portfolio addition. Call today to inquire and be the next owner of Unit 2 - 10 East Condominium.,This information is compiled from miscellaneous sources and is believed accurate but not warranted. Neither the listing broker nor its agents, subagents or property owner are responsible for the accuracy of the information. Buyers are advised to verify all information.

Property Features