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Prime investment opportunity featuring a fully leased commercial property occupied by Enterprise Rent-A-Car with approximately three years remaining on the current lease term. Situated on a highly visible corner parcel with approximately 140 feet of road frontage, this income-producing asset offers immediate cash flow and long-term upside potential.
The property consists of a masonry commercial building on a generously sized lot with ample on-site parking and convenient ingress and egress. A major value-added feature is the existing approximately 600-amp, 3-phase electrical serviceāa substantial and costly infrastructure improvement that can support a wide range of power-intensive commercial operations. This enhanced electrical capacity provides exceptional flexibility for future users and can represent significant savings compared to installing similar service today.
Previously operated as a restaurant, the property offers a unique opportunity for investors and business owners seeking a site with a history of food service use and infrastructure capable of accommodating a variety of commercial, retail, restaurant, automotive, or service-oriented businesses. Zoned for commercial general use, the site supports numerous potential applications while benefiting from strong visibility and accessibility.
Investors will appreciate the stability of a nationally recognized tenant, while also benefiting from the property's strategic location, substantial land footprint, robust utility infrastructure, and potential for future redevelopment, expansion, or repositioning. Whether added to an investment portfolio for reliable income or held for future value enhancement, this is a rare opportunity to acquire a leased commercial asset with built-in cash flow and exceptional long-term potential.
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Our Executive Mortgage Banker:
Our Insurance Division:
$1,100,000
William Raveis Real Estate
Phone: 888.699.8876
Contact@raveis.com
RVP, Mortgage Banker
William Raveis Mortgage, LLC
Phone: 917.838.7300
Melissa.Cohn@raveis.com
NMLS Mortgage Loan Originator ID 16953
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5/6 (30 Yr) Adjustable Rate Jumbo* |
30 Year Fixed-Rate Jumbo |
15 Year Fixed-Rate Jumbo |
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|---|---|---|---|
| Loan Amount | $880,000 | $880,000 | $880,000 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 6.000% | 6.250% | 6.000% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.350% | 6.361% | 6.183% |
| Monthly Tax Payment | $983 | $983 | $983 |
| H/O Insurance Payment | $125 | $125 | $125 |
| Initial Principal & Interest Pmt | $5,276 | $5,418 | $7,426 |
| Total Monthly Payment | $6,384 | $6,526 | $8,534 |
* The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first and adjust every six months thereafter for the remainder of the loan term. The Interest Rate and annual percentage rate may increase after consummation. The Index for this product is the SOFR. The margin for this adjustable rate mortgage may vary with your unique credit history, and terms of your loan.
** Mortgage Rates are subject to change, loan amount and product restrictions and may not be available for your specific transaction at commitment or closing. Rates, and the margin for adjustable rate mortgages [if applicable], are subject to change without prior notice.
The rates and Annual Percentage Rate (APR) cited above may be only samples for the purpose of calculating payments and are based upon the following assumptions: minimum credit score of 740, 20% down payment (e.g. $20,000 down on a $100,000 purchase price), $1,950 in finance charges, and 30 days prepaid interest, 1 point, 30 day rate lock. The rates and APR will vary depending upon your unique credit history and the terms of your loan, e.g. the actual down payment percentages, points and fees for your transaction. Property taxes and homeowner's insurance are estimates and subject to change.