Domino's

719 Ashmun St, Sault Sainte Marie, MI

$1,017,753

Price

6.5%

Cap Rate

$66,154

NOI

Overview
Cap Rate
6.5%
NOI
$66,154
Building Size
3,694 sqft
Lot Area
0.98 acres
Occupancy
100%
Year Built
1990
Description

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Highlights
  • Completely Passive Asset With Zero Landlord Responsibility | Absolute NNN 15-Year Lease Commences at Close of Escrow
  • 2% Annual Rental Increases Provide Automatic NOI Growth & Inflation Hedge
  • Lease Supports (4) 5-Year Option Periods
  • Low Rent to Sales Ratio at 5.50%
  • Drive-Thru Location Completely Retrofit For Domino's in 2020
  • Relocation From A Successful Store in the Existing Market
  • Close Proximity to Lake Superior State University
  • Located On Ashmun St, Sault St. Marie's Main Retail Thoroughfare Featuring National Tenants Including: Rite Aid, Hungry Howies, Family Dollar, Dairy Queen, Walgreen's, Jimmy John's, Pizza Hut, Goodwill, Pet Supplies Plus, Taco Bell, McDonald's, KFC, Verizon, and Many More
  • The Tenant Benefits From Approximately 6,500 Households Located Within a 5-Mile Radius
Location