Commercial Property: Price: $250,000, Rent: $6,400: Cap Rate: 31%
Commercial property for sale at discounted rate. Normal property value worth $500,000 plus. Existing tenant (Starbucks) with 2 more years on lease.
Commercial Property for Sale:
- Price: $250,000
- Monthly Rent: $6,400
- Cap Rate: 31%
- Property Tax: $13,500
- Insurance: $5,000
Property Overview:
- City: Wichita Falls, TX
- Building Area: 1,750 +/- Square Feet
- Land Area: 0.43 +/- Acres
- Year Built: 2008
- County: Wichita County
Tenant Overview:
- Tenant Name: Starbucks
- Guarantor: Starbucks Corporation
- Primary Lease Terms: 10 years
- Lease Commencement: March 21, 2008
- Lease Expiration: March 31, 2018
Offering