311 S Access Road

Description

Three tenant neighborhood retail strip with private, dedicated parking and covered porch. Approximately 5,316 square feet total (units of approx. 2,250 sf, 1,422 sf, and 1,644 sf). Built 1990, with additions in 2009 and 2012, yielding functional layouts and good utility for a variety of local service tenants. Capital improvements include a new roof in 2025; plumbing, electrical, and HVAC updated between 2021–2025, significantly reducing near term capex risk. Prominent exposure along I-20 with easy on & off access; strong signage and visibility to interstate traffic. Utilities and risk allocation: All tenants maintain utilities in their own names and carry liability insurance, limiting landlord exposure and operating friction. The middle unit is currently vacant, so if you have your own business you can just move right in. Owning the entire bldg let's you control your costs instead of chasing rent. Rather than signing a lease and facing rent increases, you lock in your cost of occupancy by owning the building. The income from the laundromat and H&R Block helps offset your mortgage payment, effectively lowering your net cost to operate your business. Over time, you build equity in the real estate instead of writing checks to a landlord. Seller is currently not looking for a tenant for middle unit in case buyer wants to use it. But is willing to sign a tenant if they come along while listed. West end Laundromat unit has a 4 year lease with a simple base monthly rent. And the tenant is willing to act as on-site property manager in exchange for a negotiated rent abatement, giving a buyer an easy management solution with flexible economics. East end H&R Block unit has a simple base monthly rent, stepping up per a signed three year extension with a two year option. Vacant suite (middle unit) is approximately 1,644 sf. and has previously been rented for $1,100 month on an NNN lease structure. Seller is willing to consider attractive owner financing terms.