22901 Gratiot Ave - Freestanding FOR SALE


Eastpointe, MI 48021
$2,130,964 USD
248-702-0288
22901 Gratiot Ave, Eastpointe, MI for Sale
$2,130,964 USD
Freestanding - FOR SALE
1/6
null | 7.25% Cap Rate

22901 Gratiot Ave
Eastpointe, MI 48021


HIGHLIGHTS

  • Corporate Guarantee | S&P Credit Rating "BB+" | Ideal Low-Management Investment For a Passive Investor
  • Built-To-Suit For Advance Auto Parts in 2008 | 3+ Years Remain
  • Lease Supports Two - 5-Year Options with 5% Rental Increases In Each Option
  • High Barrier Entry To Market | Priced Below Replacement Cost
  • 2 Miles To The On/Off Ramps Off I-696 | 135,000 VPD+
  • 10 Miles To Downtown Detroit

OVERVIEW

Corporate Guarantee | S&P Credit Rating "BB+" | Ideal Low-Management Investment For a Passive Investor Built-To-Suit For Advance Auto Parts in 2008 | 3+ Years Remain Lease Supports Two - 5-Year Options with 5% Rental Increases in Each Option Tenant Exercised Option in 2023 Demonstrating Their Commitment to the Location Excellent Visibility and Access Off Gratiot and N Park Ave | Over 43,000 VPD+ 375,000 People within 5 Miles of The Subject Property | Average HH Income within 5 Miles Exceeds $69,000 Dense Retail Corridor With Major National Brands: Kroger, Bank of America, Popeye's, Five Guys, Petco, Wingstop, CVS, Aldi, Olive Garden, Walgreens and Many More

FOR SALE DETAILS

PRICE

$2,130,964 USD

PRICE/SF

$304 USD /SF

CAP RATE

7.25%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Advance Auto Parts

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2008

SPRINKLERS

-

PARKING SPACES

35

LAND DETAILS

LAND ACRES

0.88 AC

LAND SF

38,333 SF

ZONING

RETAIL 5K

APN/PARCEL ID

02-14-30-380-030

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.