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This is, on the one hand, a real estate opportunity featuring several commercial properties located in several towns, all included. The real estate components are excellent assets located in well-maintained areas. Still, it has, on the other hand, almost 20 years of professional retail service provider tenants occupying the units and has collected rent-based revenue at a consistent level with very high occupancy at each location. So, this is also a very straightforward professional service tenent-property management opportunity. This real estate sale and commercial long-term tenants management includes multiple commercial real estate locations, comprising this group of modern retail-facing B2C cooperative professional service offices included in this sale. Each location offers spacious individual units at excellent rates, designed for personal service professionals to accommodate their customers or clients with the best attention in these upscale, professional individual or multi-office-type environments. These fully equipped offices are designed to suit your tenant's aesthetic by utilizing beautiful interior materials tailored to each tenant's taste. On average, approximately 1.5 dozen professionals are located at each site, serving their specific customer base. The locations are approximately 96% occupied on balance. Many tenant units at each location are as much as 20-30% below market rent, according to the seller, and can be increased by a new owner by phasing in increases over the coming years.* Note: This is not likely an SBA loan-type opportunity, as it is not an owner-occupied business model, since dozens of other professionals occupy the units as tenants. As a result, this will likely require real estate-style commercial lending, which may mean a 20-30% down payment unless it's entirely funded through investor/partner funds. It will also likely include, at some lenders, the requirement for an account at the institution, which may necessitate maintaining an additional 10-15% in a compensating balance account. ** The content of this summary listing information or related details as provided by the seller may be updated or revised without notice at any time once new or more current information becomes available.
Over 30 years of consistent growth. Ongoing support. Multiple revenue streams. Whether you’re looking into owning your very first store, or you’re interested in adding to your existing franchise portfolio, Batteries Plus is here to help. Learn more about the costs, benefits, and available locations today!
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