Description
Income Generator - 8% Cap Rate Projection w/Strong Lease History. Exceptional Location Near Downtown and the Hospital. Net Lease with Over 12 Years of Lease History as Day-Care Facility. Currently Leased to The Learning Care Group, Inc., Child-Time. Leased Thru Sept. 2011 with Negotiable 5-Year Option-to-Renew. RMME Zoning with City Conditional Use Permit Potential for Medical or Office Uses. Tenant Has Maintained & Improved Property, Including: Air-Conditioning, Commercial Kitchen and ADA Improvements. Seller Requests 1st Option to Re-Purchase Property at Fair Market.