Property Gallery
Property Description
$1,000,000
Located in the charming town of Morrison, this quality possible covered land investment is in the heart of the downtown district. Currenty operated as Sunshine Sensations, the store offers a wide variety of curios geared for the tourist market. The lease expires in February 2027 with no options. The tenant has a 15 day first right of refusal. With Net Operating Income of $51,300, the property offers a 5.13% Cap Rate. The Landlord is responsible for roof and structure only. With ease of management, this could be an ideal investment as tenant pays expenses direct to vendor.
As this is an operational business, do not contact the tenant directly. All showings must be thru the listing brokers.