22069 Farmington Rd - Convenience Store FOR SALE


Farmington Hills, MI 48336- Farmington
$1,148,400 USD
248-702-0288
22069 Farmington Rd, Farmington Hills, MI for Sale
$1,148,400 USD
Convenience Store - FOR SALE
1/4
null | 5% Cap Rate

22069 Farmington Rd
Farmington Hills, MI 48336
Farmington


HIGHLIGHTS

  • 2,574 SF Single Tenant 7-Eleven Situated on .23 Acres
  • 7-Eleven Just Signed 7 Year Lease Extension Showing Strong Commitment To Site
  • (2) Five Year Option Periods w/ 12% Rental Increases
  • 7-Eleven Has Operated At Location For Over 49 Years
  • Strong Demographics | 5-MIle Population Exceeds 208,000 & Avg Household Income $85,951
  • Farmington Hills Consistently Ranks As One Of The Safest & Highest-Income Cities In The United States & Michigan

OVERVIEW

2,574 SF Single Tenant 7-Eleven Situated on .23 Acres 7-Eleven Just Signed 7 Year Lease Extension Showing Strong Commitment To Site Absolute "NNN" Net Lease - Zero Landlord Responsibilities (2) Five Year Option Periods w/ 12% Rental Increases 7-Eleven Has Operated At Location For Over 49 Years Strong Demographics | 5-MIle Population Exceeds 208,000 & Avg Household Income $85,951 Strong Traffic Counts - 17,700+ VPD 24 Hour 7-Eleven Convenience Store - Beer Wine & Liquor Corporate Lease Guaranty | 7-Eleven Inc - S&P "A" Rated & Moody's Baa2 (Investment Grade) Farmington Hills Consistently Ranks As One Of The Safest & Highest-Income Cities In The United States & Michigan

FOR SALE DETAILS

PRICE

$1,148,400 USD

PRICE/SF

$446 USD /SF

CAP RATE

5%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

7-eleven

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Convenience Store

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1973

SPRINKLERS

-

PARKING SPACES

15

LAND DETAILS

LAND ACRES

0.23 AC

LAND SF

10,019 SF

ZONING

BI

APN/PARCEL ID

23-33-227-022

ASK ABOUT THIS PROPERTY

Deno BistolaridesEncore Real Estate Investment ServicesMore Info
248-702-0288

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Deno BistolaridesEncore Real Estate Investment ServicesMore Info
248-702-0288

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