1720 W Washington Rd - Storefront FOR SALE


Greenville, MI 48838
$2,523,800 USD
248-646-9999
1720 W Washington Rd, Greenville, MI for Sale
$2,523,800 USD
Storefront - FOR SALE
1/9
null | 7% Cap Rate

1720 W Washington Rd
Greenville, MI 48838


OVERVIEW

-Fully Leased Three-Tenant Retail Building Occupied by Starbucks, Jersey Mike’s Subs and Domino’s Pizza -All Tenants are Operating on 10-Year NN Leases | Minimal Landlord Responsibilities - Starbucks Has Over 8 Years Remaining, Jersey Mikes has 9.5 Years Remaining and Dominos has 9 Years Remaining on Initial 10-Year Term -All Three Tenants Have Favorable Rent Increases Every Five Years, Including All Option Periods -Mix of Corporate & Franchisee Guaranteed Leases -Outlot to New Hobby Lobby Anchored Shopping Center -Brand New 2023 Construction -Adjacently Situated to High Performing Meijer Supermarket -Starbucks Space Equipped With Drive Thru Pickup Lane Window -Starbucks is Investment Grade Credit | Having an S&P Rating of BBB+ -Large Parcel | 1.20 Acre Site | 54 Parking Spaces -Great Ingress and Egress From Multiple Sides

FOR SALE DETAILS

PRICE

$2,523,800 USD

PRICE/SF

$474 USD /SF

CAP RATE

7%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2023

SPRINKLERS

-

PARKING SPACES

54

LAND DETAILS

LAND ACRES

1.2 AC

LAND SF

52,272 SF

ZONING

C

APN/PARCEL ID

052-487-010-00

ASK ABOUT THIS PROPERTY

Vincent PipiaAlrig USAMore Info
248-646-9999

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Vincent PipiaAlrig USAMore Info
248-646-9999

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.