1484 Coolidge Hwy - Bank FOR SALE
Troy, MI 48084 |
$4,293,173 USD
248-702-0288
1484 Coolidge Hwy
Troy, MI 48084
HIGHLIGHTS
- Relocation Store From In-Line Space Within the Market to Panera's New Drive Thru Concept.
- Absolute NNN Lease - Zero Landlord Obligations Whatsoever.
- 11 Years Remaining on a 15-Year Term - Stable Cash Flow Asset.
- Rental Escalations Every 5 Years Throughout the Initial Term and Option Periods, Providing a Strong Hedge Against Inflation.
- Corporate Backed Guaranteed by Panera LLC - More than 2,200 Locations in 47 States and The District of Columbia.
- Troy Michigan One of the Most Sought-after Markets in Oakland County: Population Exceeds 10,375 Within a 1 Mile Radius.
FOR SALE DETAILS
PRICE
$4,293,173 USD
PRICE/SF
$952 USD /SF
CAP RATE
5.2%
% LEASED
-
TENANCY
Single
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY NAME
Panera Bread
PROPERTY TYPE
Retail
PROPERTY SUBTYPE
Bank
TOTAL BUILDING SIZE
-
STORIES
1
YEAR BUILT
2006
SPRINKLERS
-
PARKING SPACES
16
LAND DETAILS
LAND ACRES
2.01 AC
LAND SF
87,556 SF
ZONING
M-1
APN/PARCEL ID
20-32-101-025
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248-702-0288
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248-702-0288
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