2-unit Auto Center Investment

Overview

  • Investment For Sale
  • 9001 US-12, Richmond, IL 60071, USA
  • Price: $495,000
  • 4,000 sq. ft.

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Highlights

  • 8.7% CAP Rate
  • Fully Leased Investment

FULLY LEASED INVESTMENT OPPORTUNITY
2-UNIT AUTO CENTER

100% leased 2-unit automotive building with long leases thru 2029”. Pete’s Paint Works & Medina Cars are both long term tenants (since 1986 and 2016).

All masonry building on US Highway 12. Pete’s Paint address is 9001 and Medina Cars is 9003. (*) Medina expires 2026 with an option to renew thru 2029. Original building built in 1959 with additions. New Membrane roof and overhead doors.

8.7% CAP rate. Ask broker for rent roll and operating statement. Owner is a licensed Illinois Broker.

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