Ziebart | Absolute Triple Net (NNN) Lease
$780,051
604 North Creyts Road, Lansing, MI 48917
For Sale
Retail
Free Standing
Pending
Last Updated: 07/08/2021
7.75
Cap Rate
60,454
NOI
Details:
Cap Rate: 7.75%
NOI: $60,454
Building Size: 10,140 sqft
Lot Area: 0.53 acres
Lease Type: Absolute Net
Year Built: 2006
Price Per Sqft: $76.93
Roof & Structure: Tenant’s Responsibility
HVAC: Tenant’s Responsibility
Repairs & Maintenance: Tenant’s Responsibility
Highlights:
- Absolute Triple Net (NNN) Lease With Zero Landlord Responsibilities
- Tenant Recently Exercised Their First Option Period Demonstrating Their Commitment to the Location
- The Company Was Founded in 1959 and Operates Approximately 400 Licensed Locations With 1,200 Service Centers in 37 Countries
- Nearby Tenants Include: Walgreens, Kroger, Target, ALDI, Burlington, Red Robin, FedEx, Kohl’s and More
- This Property is Located Right Off of W Saginaw Hwy a Busy Street Featuring Premier Grocery Stores and Restaurants
- Long Term Operating History of Nearly 15 Years at This Location
- Low Price Per Square Foot (Under $100 PSF)
- Extremely Low & Replaceable Rent (Under $6 PSF/ Year) Offers Security and Potential Value Add in the Future
Description:
Sands Investment Group is Pleased to Present Exclusively For Sale the 10,140 SF Absolute Triple Net (NNN) Lease Ziebart Asset Located in Lansing, Michigan. Priced Under $800,000, This Property Provides For a Perfect 1031 Exchange Opportunity at Under $80 PSF. With a Rent of Less Than $6 PSF Per Year, This Investment Offers a Secure Income Stream With Replaceable Rent and Potential Value-Add Opportunity in the Future.
IN COOPERATION WITH: Sands Investment Group Michigan, LLC Lic. # 6505424119
31235 Harper Avenue, St. Clair Shores, MI 48082 Direct# 586.210.6178
Broker of Record: Max Freedman MI Lic. # 6502424113
Documents:
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| Offering Memorandum |
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