312 W Main Street W

Description

This is a rare opportunity to acquire a highly profitable and fully leased strip mall in the heart of downtown Belgrade. Boasting a sought-after location, excellent tenant occupancy, and below-market rates, this investment offers an attractive cap rate and incredible potential for future growth. The property has never been on the market before and is situated on leased land, providing an ideal prospect for savvy investors seeking a stable income stream and long-term appreciation. Digital sign is under utilized, allowing more potential income. Key Features: 1. Prime Downtown Location: The strip mall enjoys a strategic and highly visible location in the bustling downtown area. With easy access to major roadways and public transportation, it attracts a steady flow of both local residents and tourists. 2. Four Well-Maintained Buildings: The property comprises four well-maintained and visually appealing buildings, creating a cohesive and inviting retail environment that is sure to attract shoppers and businesses alike. 3. Fully Leased: All 11 units within the strip mall are currently fully leased, demonstrating strong demand from a diverse range of tenants. This stability provides investors with an immediate and reliable income stream. 4. Excellent Cap Rate: With its attractive rental rates and minimal vacancy, the strip mall boasts an impressive capitalization rate, offering investors a solid return on their investment. 5. Below Market Rates: Despite its high occupancy, the property still has significant potential for increased rental rates, presenting an opportunity to further boost cash flow and overall returns. 6. First Time on the Market: This is the first time this exceptional investment property has been made available for purchase. As such, it represents a rare chance to secure a prime asset with untapped potential. 7. Leased Land: The strip mall is located on leased land, presenting a unique arrangement that provides both a secure long-term investment and potential advantages in terms of cost and flexibility.