Description
Multi Tenant Strip mall plus Pad Site Restaurant. Andy's restaurant is a iconic Pasco restaurant that has been a staple in Pasco for many years. The Andy's building sits on its own parcel with Court Street frontage. The 20,500 square foot strip mall sits behind the Andy's building in between two large buildings, (Goodwill and a church building with smaller store front suites) The large buildings were once home to Kmart and a grocery store. The 20,500 square foot strip mall is configured for 9 tenants with all 9 spaces having there own electricity service. This portion of the project has a ton of value add potential with having about 50% occupancy. The vacant spaces are in decent shape but could use some TLC to attract potential tenants (carpet, some sheetrock repair and paint). Current net income is $124,938 per year. At 100% occupancy with the current vacant space leased at $10/sf + NNN the net income will be around $228,437 per year. See package in docs for complete details.
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0BEDS
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3.08ACRES
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0BATHS
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01/2 BATHS
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25,139SQFT
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$72$/SQFT
School Ratings & Info
Description
Multi Tenant Strip mall plus Pad Site Restaurant. Andy's restaurant is a iconic Pasco restaurant that has been a staple in Pasco for many years. The Andy's building sits on its own parcel with Court Street frontage. The 20,500 square foot strip mall sits behind the Andy's building in between two large buildings, (Goodwill and a church building with smaller store front suites) The large buildings were once home to Kmart and a grocery store. The 20,500 square foot strip mall is configured for 9 tenants with all 9 spaces having there own electricity service. This portion of the project has a ton of value add potential with having about 50% occupancy. The vacant spaces are in decent shape but could use some TLC to attract potential tenants (carpet, some sheetrock repair and paint). Current net income is $124,938 per year. At 100% occupancy with the current vacant space leased at $10/sf + NNN the net income will be around $228,437 per year. See package in docs for complete details.
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