708 Sw 59th St
About this property
Zone C-3. Medical Marijuana Growth approved. 100% leased out with long term tenants. 7.85% Cap Rate. This income producing strip center houses 3 tenants. Rent is currently below the market. It's over 10,000 SF. This strip center is surrounded by the 3 busy interstate highways: I-240, I-35 and I-44. SW 59th is one of the major streets and a high traffic area of the city. More than 6000 SF of the building just recently receive an interior upgrade by the new tenant. New roof in 2019. New Gutter, signage & exterior fascia in 2018. The shortest lease term is 3 years and the longest one is 10 years. This provides new owner peace of mind during this Covid time. Tenants are very responsible and they pay for their own utilities and maintenance/repairs of their part of the building. Financial information is available upon request.