3235 State Street, Caledonia

Description

Turnkey commercial investment opportunity in a high-visibility Caledonia location offering strong cash flow, long-term lease stability, and future flexibility. This unique property includes two separate commercial buildings with established tenants already in place under newly structured long-term NNN leases. The property generates $42,000 in gross annual rent with one tenant secured under a new 3-year lease with renewal options, and the second tenant committed to a new 5-year lease with additional renewal options in place. With minimal landlord responsibilities under the NNN lease structure, this property delivers an impressive 12.4% cap rate at the $340,000 list price. Automotive zoning adds tremendous long-term value by allowing for a wide range of future business uses if an investor ever chooses to reposition the property. A large parking lot supports steady customer traffic for both businesses, while the village location provides excellent exposure and consistent drive-by visibility. Seller financing available with $100,000 down, creating a rare opportunity to acquire a high-performing commercial asset with flexible financing terms and immediate income from day one.