2811 N 48th Street

Investment Overview

Single-tenant NNN investment opportunity at 2811 N. 48th Street, offered at $725,000 with a 6.0% cap rate. The 2,709 SF building sits on 0.33 acres and is leased to a long-term tenant with occupancy dating back to 1981. The current lease term ends on 10/25/2031. The lease is corporately guaranteed and includes five five-year renewal options with 5% rental increases, providing stable income and built-in growth. The property has been recently remodeled, making it a low-maintenance, passive investment opportunity.

Investment Highlights

• 2,709 SF single-tenant building
• Sale Price: $725,000
• Cap Rate: 6.0%
• 0.33-acre site
• Zoned B-3
• Corporate guaranteed NNN lease
• (5) five-year renewal options with 5% increases
• Tenant in place since 1981
• Recently remodeled building
• Stable, long-term passive investment
• $43,200 annual income