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Updated almost 3 years ago, 01/28/2022
Will you help me see is this deal is decent?
Newly constructed retail with 10 units on busy intersection. Town is in texas and growing at rapid pace.
$4,250,000 purchase price
7.25% cap
NNN leases with roof/structure responsibility.
Regional/local tenants.
10 total tenants, all units 2000 sq ft and under
4 Tenants have leases expiring in 24 months , other 6 have 5yr + leases.