At&T

28835 Gratiot Ave, Roseville, MI

$1,395,000

Price

5.85%

Cap Rate

$81,614.76

NOI

Overview
Cap Rate
5.85%
NOI
$81,614.76
Building Size
4,220 sqft
Lot Area
0.8 acres
Occupancy
100%
Units
1
Year Built
2009
Description

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Roseville is a city in southern Macomb County, Michigan, and is a part of the Metro Detroit area. It is an established community of over 48,000 residents, featuring a wide variety of residential, commercial, and industrial opportunities. Roseville is home to companies in the automotive, military, printing, paper recycling, food service industries, and many more. Approximately 681 acres of Roseville are devoted to industrial property. Easy access to I-94 and I-696, the Groesbeck corridor and CN Railway make Roseville desirable to many industries.

Macomb County is a county located in the eastern portion of Michigan, bordering Lake St. Clair, and is part of northern Metro Detroit. As of the 2020 Census, the population was 881,217, making it the third-most populous county in the state. The county seat is Mt. Clemens. Macomb County is part of the Detroit-Warren-Dearborn, MI Metropolitan Statistical Area. The city of Detroit is located south of the county's southern border. Macomb County contains 27 cities, townships and villages, including three of the top ten most-populous municipalities in Michigan as of the 2010 census: Warren (#3), Sterling Heights (#4) and Clinton Township (#10). Most of this population is concentrated south of Hall Road (M-59), one of the county's main thoroughfares.

Detroit is the largest city in Michigan. It is also the largest U.S. city on the United States–Canada border, and the seat of government of Wayne County. The City of Detroit had a population of 639,111 at the 2020 census, making it the 27th-most populous city in the United States. The metropolitan area, known as Metro Detroit, is home to 4.3 million people, making it the second-largest in the Midwest after the Chicago metropolitan area, and the 14th-largest in the United States. Regarded as a major cultural center, Detroit is known for its contributions to music, art, architecture and design, in addition to its historical automotive background. Time named Detroit as one of the fifty World's Greatest Places of 2022 to explore.

Detroit is a major port on the Detroit River, one of the four major straits that connect the Great Lakes system to the Saint Lawrence Seaway. The City of Detroit anchors the second-largest regional economy in the Midwest, behind Chicago and ahead of Minneapolis–Saint Paul, and the 14th-largest in the United States. Detroit is best known as the center of the U.S. automobile industry, and the "Big Three" auto manufacturers General Motors, Ford, and Stellantis North America (Chrysler) are all headquartered in Metro Detroit. As of 2007, the Detroit metropolitan area is the number one exporting region among 310 defined metropolitan areas in the United States.

Highlights
  • Absolute NNN Lease Structure - True "Mailbox Management" Lease
  • AT&T has an Investment Credit Rating | S&P BBB
  • Tenant Exercised a 5 Year Extension in August of 2021 - Showing Long Term Commitment to the Location
  • 5% Increases in Each Option Period
  • Low Rent PSF of $19.33
  • Subject Property is Equipped With a Drive-Through for Future Redevelopment Opportunity
  • New Cingular Wireless is the Primary Corporate Entity for AT&T's Retail Stores with Over 2,200 Retail Locations Worldwide
  • Located on Heavily Traveled Gratiot Ave Which See's in Excess of 61,000 Vehicles Per Day
  • Population Within a 3 Mile Radius is in Excess of 129,000
  • Strong Consumer Spending of $183,000,000 + Within a 1 Mile Radius
  • Surrounded by National Retailers Such as: Walmart, CVS, Outback Steakhouse, T-Mobile, Starbucks, Marshalls, Kroger, Best Buy & Many More

Location
Gallery