Investment condo for sale. 10 Year Lease Renewal signed October 1, 2020 Two (2) Additional Five (5) Year Options to Renew 5% rent bumps every 5 years. A professional management company oversees the property and handles collection of all NNN costs. Tenant pays 100% of all NNN charges directly to the management company. $107,240 NOI, 6% CAP rate. Goddard has been the only Tenant since the building's construction in 2000. Strong demographics, great location! This building is in excellent condition. The Association has hired a contractor who will be installing a new roof, leaders, gutters and soffits. A fresh stucco finish will be installed on all exterior walls. This, in addition to the parking lot, which was freshly paved about 3 years ago, will ensure that the building remains in great physical shape for years to come. The assessment for this project has been fully funded by the condominium owners.