Description
***Shown Only by Appointment***Hair salon property (real estate only), leased to a well established tenant (29 years) w/ many repeat long term clients (15-20 years). Excellent new lease expiring Dec. 31, 2027, with 2% annual increases and a 6% cap rate. Tenant is responsible for real estate taxes, half the condo fee ($1,075 quarterly divided by 2= $537.50), and regular interior maintenance (HVAC is one year old). The condo association maintains the exterior of the unit, including, roof and parking lot. Lease details available upon Letter of Intent or Contract.His and hers restrooms, as well as 2 water heaters, supplying hot water for the 7-9 beauticians. Great location in the middle of Burke/Springfield, and minutes from I-495 (1.7 miles). First floor accessibility, and main road frontage (Rolling Road).
Description
***Shown Only by Appointment***Hair salon property (real estate only), leased to a well established tenant (29 years) w/ many repeat long term clients (15-20 years). Excellent new lease expiring Dec. 31, 2027, with 2% annual increases and a 6% cap rate. Tenant is responsible for real estate taxes, half the condo fee ($1,075 quarterly divided by 2= $537.50), and regular interior maintenance (HVAC is one year old). The condo association maintains the exterior of the unit, including, roof and parking lot. Lease details available upon Letter of Intent or Contract.His and hers restrooms, as well as 2 water heaters, supplying hot water for the 7-9 beauticians. Great location in the middle of Burke/Springfield, and minutes from I-495 (1.7 miles). First floor accessibility, and main road frontage (Rolling Road).
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