Solid 6% Cap! New 5-year lease signed with Edward Jones commencing 2/1/26, with annual 2.75% rent escalations. Historic brick building was completely renovated in 2006 to code (including roof, refurbished brick exterior, central a/c & heat), and remodeled by Edward Jones in 2015, and has undergone updates since in compliance with tenant’s standards. Property has been well-maintained. Landlord responsibilities are taxes, insurance and exterior maintenance, not including snow removal.
Property is located in the downtown historic district, with old-style charm and many original features, including light fixtures, unique windows, skylights, and custom reception desk from original mahogany. Main floor has 10’ ceilings, open reception area, 3 offices, kitchen area, storage room and ADA bathroom. Daylight basement is a large room with full kitchen, and bathroom with shower + storage room.
Excellent hands-off bite size investment property!