23351 Eureka Rd - Freestanding FOR SALE
Taylor, MI 48180 |
$5,740,000 USD
818-259-0476
23351 Eureka Rd
Taylor, MI 48180
HIGHLIGHTS
- PREMIER TENANT - ALDI is a rapidly expanding retailer in the U.S. with more than 2,450 stores across 36 states, with over 25,000 employees.
- OPTIMAL NET-LEASE STRUCTURE - The Properties feature twenty (20)-year individual absolute net-leases.
- FAVORABLE RENEWAL TERMS & ATTRACTIVE NOI GROWTH - All initial term and renewal periods will feature a 2.0% annual increase.
- STRONG REAL ESTATE FUNDAMENTALS - Characteristically situated amid retail corridors or within robust industrial hubs.
- FREE & CLEAR OF FINANCING - The Properties will be transferred free and clear of debt.
- With large lots and ample parking, the site and lease potentially allow pad development with tenant approval.
FOR SALE DETAILS
PRICE
$5,740,000 USD
PRICE/SF
$135 USD /SF
CAP RATE
5%
% LEASED
-
TENANCY
Single
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY NAME
ALDI
PROPERTY TYPE
Retail
PROPERTY SUBTYPE
Freestanding
ADD'L SUBTYPES
Convenience Store, Supermarket, Department Store
TOTAL BUILDING SIZE
-
STORIES
1
YEAR BUILT
1995
SPRINKLERS
-
PARKING SPACES
147
LAND DETAILS
LAND ACRES
4.5 AC
LAND SF
196,020 SF
ZONING
B-2
APN/PARCEL ID
60-090-01-0561-313
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818-259-0476
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818-259-0476
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