320 MLK 15,000 SF building which includes a pioneer supermarket, estimated $3M gross (all subject to verification) Current tenant has 15 yr lease with 5 year option, paying $19,000 NNN.
The business is also available for sale for $1,100,000. Seller will give $150,000 in stock included in the price of the business. Owner retiring.
The business offers a strong value-add opportunity by introducing lottery and cigarette sales and adding a deli station at the front of the store. This enhancement has the potential to generate approximately $1,500 in additional daily revenue, or $550,000 annually.
Across the street at 321 MLK corner property approximately 6-7,000 SF included in the sale. Development opportunity to develop 10-20 unit multi-family building on corner lot subject to zoning and application approval.
Buyers must show proof of funds. In closing we are selling two pieces of property and a business.
Showing is by appointment only For more information, call/text 201-232-1711 or email johncupo@gmail.com