Property Detail

Description

INCOME GENERATING INVESTMENT RETAIL CENTER WITH MINIMAL LANDLORD RESPONSIBILITY - NNN LEASES - We are pleased to offer for sale the fully leased Holt Medical Plaza. The center is currently 100% occupied with long-term leases to Tenants such as Health Service Alliance, a federally qualified health center (FQHC). Offering a compelling combination of strong in-place cash flow, clear upside through continued rent growth with an average of 3-4% annual base rent increases, and strong triple net (NNN) leases insuring expense pass-throughs, this is the ideal investment for a prudent investor seeking a strong ROI, with a high Cap Rate of 5.50%. The subject property sits on 1.26 acres, was built in 1984, and consists of approximately 15,352 SF. There is ample parking with 78 total parking spaces. Holt Medical Plaza is located in a high-traffic area (23,990 Average Daily Traffic Count), surrounded by many national retail brands including a CVS, Dollar Tree, and many others.