1299 Bishop Rd, MLS # 1359745, Chehalis Commercial For Sale | Realty World Cosser & Associates
1299 Bishop Rd , Chehalis, 98532
1299 Bishop Rd presented by :
|Type:||73 - Office|
|Lot Square Feet:||21533|
Exit 76, E towards town, S on Interstate Ave, L on Bishop Rd to property on right. (In Steck complex)
Elegantly updated medical office building currently shared by three longstanding tenants in the dental field. Excellent location in medical complex, close to Chehalis school campuses & easy access from the freeway. NNN leases provide a yearly income of just under $60k w/ low rents of $1.17/ft./mth + built-in annual increases based on the Consumer Price Index. Current Cap Rate of 5.4% could jump to over 6% in the next few years as tenants secured by long-term leases. Don't miss this opportunity!
The listing is provided courtesy of NWMLS.