Description
Investment property. Zoned Downtown District. Estimated first year bonus depreciation (not intended for reliance and subject to buyer's advice from its own tax professionals) is $240,000. Tenant is South Oak Title, a regional credit tenant with offices in multiple SE states. Five year lease commenced 8/23/24, with one five-year renewal option. NNN. Annual rent increases, with $5,500 per month starting 9/1/25. IRR almost 8% with realistic disposition sales price at end of Year 5 and 5% sales costs. Contact listing agent for NDA, lease synopsis and relevant zoning ordinances. Full lease available for review with signed contract. Do not contact tenant.
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0BEDS
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0.18ACRES
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0BATHS
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01/2 BATHS
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4,630SQFT
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$259$/SQFT
School Ratings & Info
Description
Investment property. Zoned Downtown District. Estimated first year bonus depreciation (not intended for reliance and subject to buyer's advice from its own tax professionals) is $240,000. Tenant is South Oak Title, a regional credit tenant with offices in multiple SE states. Five year lease commenced 8/23/24, with one five-year renewal option. NNN. Annual rent increases, with $5,500 per month starting 9/1/25. IRR almost 8% with realistic disposition sales price at end of Year 5 and 5% sales costs. Contact listing agent for NDA, lease synopsis and relevant zoning ordinances. Full lease available for review with signed contract. Do not contact tenant.