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228 N Chestnut St

$150,000

228 N Chestnut St, Reed City, MI 49677

Active
Last Updated: 01/22/2024

1,440 sqft

Building Size

0.32 acres

Lot Area

Details:
Building Size:    1,440 sqft
Lot Area:    0.32 acres
Class:    C
Year Built:    1950
Highlights:
  • Long-Term H&R Block Tenant
  • NNN Lease
  • Pylon Sign
  • 10.4% Cap Rate
Description:

Single tenant property with NNN lease to H&R Block to 2026. Located just north of downtown Reed City and close to Pere Marquette and White Pine bike paths. Easy access to US10 and US131. Corner lot with pylon sign and plenty of parking. Recent updates include new flooring. Great investment opportunity available at a 10.4% cap rate. Long-term H&R Block tenant. Additional single tenant properties leased to H&R Block available to purchase.



Southeast corner of N Chestnut St and E 5th Ave

Map:
Documents:
Title
Sale_Brochure_H_R_Block_Portfolio.pdf
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Location
Gallery