3. 74 +/- acre parcel on Loudon Road with new retail development. Phase I is a new Buffalo Wild Wings restaurant under a land lease which opened November 2012! Phase II is a 17, 500 SF retail building. 5000 SF has been leased to ConvenientMD Urgent Care Center which opened late summer 2013. Remaining 12, 500 SF is subdividable and available for lease. $22. 00 PSF NNN. Landlord will deliver vanilla box consisting of primed walls, suspended ceiling, central heating and cooling, standard commercial lighting. This property is adjacent to TJ Maxx shopping center on the east side and five-story Office Building at 6 Loudon Road on the west side. If the premises are 3000 SF or less, lease rate is $24. 00 PSF NNN. Ideal for a bank with drive-up window in rear! See attached plans and renderings.
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5/6 (30 Yr) Adjustable Rate Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
|
---|---|---|---|
Loan Amount | $18 | $18 | $18 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 7.250% | 6.990% | 5.990% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.655% | 7.146% | 6.276% |
Monthly Tax Payment | N/A | N/A | N/A |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $0 | $0 | $0 |
Total Monthly Payment | $75 | $75 | $75 |
* The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first and adjust every six months thereafter for the remainder of the loan term. The Interest Rate and annual percentage rate may increase after consummation. The Index for this product is the SOFR. The margin for this adjustable rate mortgage may vary with your unique credit history, and terms of your loan.
** Mortgage Rates are subject to change, loan amount and product restrictions and may not be available for your specific transaction at commitment or closing. Rates, and the margin for adjustable rate mortgages [if applicable], are subject to change without prior notice.
The rates and Annual Percentage Rate (APR) cited above may be only samples for the purpose of calculating payments and are based upon the following assumptions: minimum credit score of 740, 20% down payment (e.g. $20,000 down on a $100,000 purchase price), $1,950 in finance charges, and 30 days prepaid interest, 1 point, 30 day rate lock. The rates and APR will vary depending upon your unique credit history and the terms of your loan, e.g. the actual down payment percentages, points and fees for your transaction. Property taxes and homeowner's insurance are estimates and subject to change.