Excellent location on a busy main street. The adjacent building is Carl's Jr. This building has four units, all of which are fully occupied. Unit #147 is Tobacco World, which sells cigars, cigarettes and accessories. These tenants have been there for over 15 years and have good business. Unit #149 is Skyway Investment Corp., a real-estate company which has been there for over 7 years. Unit #151 is Jim's Check Cashing, a business that does check cashing and pay-day loans; and they have been there for over 30 years with consistently profitable business. Unit #153 is Mama's Kitchen, a noodle and dumpling restaurant that has been there for over 5 years. All the tenants pay base rent plus NNN (the tenants pay all the property taxes, insurance, maintenance, CAM, and management fees). The landlord's annual net income is $94,000. The capital rate is 4.7%. This building was built in 1977 and has been well-maintained and each unit is in good condition. There is a total of 21 parking spaces, 14 in front and 7 in the back of the building. Must see to appreciate.
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