Strip Center with 3 stores for sale in South Jersey. Fully renovated pizzeria, there for 5 years with 5 years remaining on lease. Chicken take out, which has been there for 20 years, with 1 year remaining on current lease with a 5 year option. Full renovated beauty/barber shop, has 2 years left on current lease with a 5 year option. New roof and 2 new HVAC units on pizza and chicken spaces. Each space is 1,000 sqft, located on a very busy road. Seller pays taxes and insurance. In 1-2 years rents will increase to $72,720 with net being $51,120.
- Asking Price:
- $775,000
- Sales Revenue:
- $60,240
- Cash Flow:
- $38,640
Property Information
- Real Estate:
-
Real Property Included
- Premises Details:
-
Approximate real estate value $800,000
- Size in square feet:
- 3,000
Business Operation
- Reasons for selling:
-
Retiring
- Years established:
- 1985
