This street-front, high-traffic property on Hemphill St. has new lighting, electrical, plumbing, paint, polished concrete floors, and landscaping. It’s offer at an above market CAP rate of 6.52% in a NNN lease with annual escalations and two 36-month renewals positions this building as a prime investment opportunity at $1.7M. This 8,100 SF building hosts two offices, a breakroom, two ADA compliant bathrooms, a reception, and a 6,377 SF supply area fed by 120 208V 3 phase power. One new 10-ton HVAC and gas hot water heater was installed early 2022 along with the other interior MEPs. The TPO roof is in good condition. The 12 car parking lot and 2 street spaces is deal for last mile services.

This cash flowing property delivers a good balance of financial stability and ample opportunity to obtain a higher yield with the current tenant, DashMart, a subsidiary of DoorDash, Inc., who is of great creditworthiness.

Courtesy Of: Century 21 Mike Bowman, Inc.

Directions

From I-35W. Take Exit 52A for Rosedale Street. Turn right onto Rosedale Street. Continue straight on Rosedale Street for about 1 mile. Turn left onto Hemphill Street. Continue straight on Hemphill Street for a short distance, and you should arrive at 2512 Hemphill St. on your right.

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