Kroger

108 West Highland Road, Howell, MI

IN CONTRACT

$4,700,000

Price

5.75%

Cap Rate

$270,000

NOI

Gallery
Street
Map
Overview
Cap Rate
5.75%
NOI
$270,000
Building Size
58,830 sqft
Lease Type
Triple Net
Year Built
20004
Price Per Sqft
$79.82
Tenancy
Single
Description

Mid-America Real Estate Corporation has been retained on behalf of the owner to sell the 100% fee simple interest in a 4.40-acre parcel containing a Kroger grocery store. This is a unique opportunity for an incoming investor to acquire the market dominant grocer with a 20-year operating history secured by a long-term lease at a low price point.

Highlights
  • NNN GROUND LEASE
  • INVESTMENT GRADE TENANT
  • STABLE GROCERY INVESTMENT | LIMITED COMPETITION
  • TRAFFIC-DRIVING CO-TENANCY
  • DESIRABLE METRO DETROIT COMMUNITY
  • EXCELLENT ACCESS AND VISIBILITY
Documents
Title
Kroger__Howell_MI_-_OM.pdf
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Location
Gallery