2510 E Monument Street

Description

List price is Opening Bid Only at the Online auction to be conducted on Auctioneers website. Auction ends Thursday, April 24, 2025 at 12:00 PM. In Cooperation with Orin Luke of Fairfax Realty Premier. Prime Investment Opportunity " Fully Leased Commercial Property! This improved mixed-use building is currently NNN leased to Sakura Cafe Carry Out II, offering a strong income stream with minimal management required! The tenant has occupied the space since November 1, 2022, and is currently in Year 3 of a 5-Year NNN lease. There is a 5% annual rent increases which is projected to reach $58,344 annually by 2027. Tenant covers all utilities, maintenance and real property taxes. Current Monthly Rent of $4,410**Current NNN Annual Rent of $52,920** The main level features a fully operational restaurant, complete with a take-out counter, full commercial kitchen, walk-in cooler, stove, deep fryers, and a half bathroom. The tenant also has access to the basement that has storage space and utilities. The upper level is separately metered and includes 2 spacious bedrooms and 2 full bathrooms. Dont miss your chance to own a stabilized, income-producing asset in a high-demand location! Features Include: Two Meters, 2 Entrances, Upgraded Wood type floors & Tile throughout property, Each bedroom upstairs has a ductless mini split system, Washer & Dryer. Do not miss this great investment opportunity! Please contact Carley Cooper or Orin Luke to schedule a walkthrough for the following dates. Saturday, April 5, 2025, Sunday, April 6, 2025, Saturday, April 12, 2025, Sunday, April 13, 2025.