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5% cap rate from business rental income

Walterville, Lane County, OR, USA
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  • Real Estate | Commercial Land For Sale
  • Real Estate | Commercial Land For Sale
  • Real Estate | Commercial Land For Sale

Listing ID : 426948

Listed On January 12, 2024 View Count 36

Listing Updated January 12, 2024

Price :
$590,000
Business Overview :
Business Location Details :
Property Details :
Year Built/ Renovated:
1950
Terms :
Reason for Selling:
Retirement
Company Overview :
Franchise Overview :
Description :

DEVELOPMENT OPPORTUNITY
.62 acres with cash flowing business on premises yielding 5% cap rate from $31,200 annual rental income on a NNN basis for a 5 year year term with 5 year option. 2888sf building, fresh water well, two DOT approved entrances and exits off 126, large parking lot and large outdoor patio with deck.  EG11122

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License:BRE #01160661

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