Income is derived from rent, expense reimbursements, and tenant improvement (TI) reimbursements. Expense reimbursements are adjusted annually based on the cost-of-living index and increases in local property taxes. As part of the purchase, the tenant makes monthly payments to the landlord under a promissory note related to the building expansion completed in 2023. The original principal balance of the note was $659,183, amortized over 84 months at a 7% interest rate. As of July 1, 2026, the outstanding balance is approximately $450,000.
Building is surrounded by national retailers such as Target, Best Buy, Hobby Lobby and Regal Cinemas. The neighboring area is pedestrian friendly with convenient bus transportation within the vicinity. Site is located conveniently near I-20 @ I-520 location, Wheeler Rd & Walton Way Extension.