Gov. Occupied Office Investment

Single Tenant investment opportunity guaranteed by the Town of Edgewood. The 5-year lease, executed October 2024, provides 3% annual rent escalations throughout the initial term and the two 5-year extension options. The tenant is responsible for all interior and exterior repairs and maintenance leaving the landlord responsible for only property taxes, insurance, and maintenance/ repairs to roof. The current lease rate of $14.00 PSF is a very replaceable rent in this market considering the lack of available office space in the immediate and surrounding area.

• .36 acre paved parking lot
• .5 acre secured, gated yard with remote entry
• Functional office floor plan
• Solar panels
• New paint & carpet
• Parking lot resurfaced in 2016
• Quick I-40 & Route 66 access