Mixed use property comprised of a relatively new (2006 construction) retail and luxury apartment building and a freestanding retail/fitness building.
The property's land size is just under 1 acre in an area along US-1 where raw land trades for between $4,000,000 and $5,000,000 per acre.
Newer leases, ranging from 5-10 years in term allow for predictable and steady income with annual increases in Base Rent of 3% (or CPI).