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3527 LANKFORD HWY
EXMORE, VA 23350-2647
Asking Price
$1.24M
Cap Rate
8%
Asset Type
Storefront Retail
Class
Class B
What's Special
High Yield | Delmarva Peninsula <p><strong style="color: rgba(10, 47, 65, 1)">ESTABLISHED TENANCY WITH DEMONSTRATED COMMITMENT</strong><span style="color: rgba(10, 47, 65, 1)"> </span>– The property is 100% occupied by 2 established tenants with an average tenure of approximately 10.5 years. Verizon has successfully operated at the property for nearly 16 years and has extended its lease three times, demonstrating a long-term commitment to the location. Virginia ABC has occupied the property for approximately 5 years after relo
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NOI
$80,000
Cap Rate
6.44%
DSCR
1.08
Tight
Cash-on-Cash
1.66%
Monthly Payment
$6,150.636
Annual Cash Flow
$6,192.372
