Bank Owned. This all brick, REO property is 13,065 SF and was built in 2003. Very good condition. 78% Occupied. NOTE: All the new tenants are still int the process of moving in, so it may look more "vacant" than it actually is. It has an 10% CAP rate and all the leases run for 4 and 5 year terms from now. All but one of the leases in backed by a personal guaranty. While these is new financing available through Wells Fargo Bank, as of now, there are no "special" financing considerations given here. Ask Listing Broker for details. Total commission is 6%, with 3% paid to outside brokers. If the property goes to auction, this commission split can change.

Located on Scenic Highway, aka 124, 1 mile south of Sugarloaf Parkway. It is across the street and 500' from from The Avenues Shopping District and the stoplighted intersection of Web Gin House Road. Adjacent stores on either side of this center are a Chevron gas station, Aldi Supermarket, IHOP and Discount Tire. Scenic Hwy has heavy road traffic and a total of 4 lanes plus a turn lane.