15341 19 Mile Rd - Bank FOR SALE
Clinton Township, MI 48038 |
$2,070,740 USD
310-853-1266
15341 19 Mile Rd
Clinton Township, MI 48038
HIGHLIGHTS
- Absolute NNN Lease With No Landlord Responsibilities: Recently Extended Lease With 6 Years of Term Remaining, Plus (3) 5-Year Renewal Options
- High-Performing Branch Location: Over $124 Million in Deposits, Accounting For 14.19% Market Share in the Zip Code
- Investment-Grade Credit Tenant: Backed By Citizens Financial Group (NYSE: CFG), a Publicly Traded Financial Institution With a $7B+ Market Cap
- Excellent Visibility & Dual Street Access: Positioned Just Off the Hard Corner of 19 Mile Rd (19,680 VPD) and Hayes Rd (37,720 VPD)
- Drive-Thru Equipped Branch: Features Two Dedicated Drive-Thru Lanes, Supporting Modern Banking Needs and Operational Efficiency
- Proximity to Major Demand Drivers: Located 1.5 Miles From Ford Macomb Hospital, Surrounded By Dense Residential Development and Regional Employers
OVERVIEW
Sands Investment Group is Pleased to Exclusively Offer For Sale the 3,910 SF Citizens Bank Located at 15341 19 Mile Road in Clinton Township, MI. This Deal Includes a Attractive Investment Metrics and Passive Income With Long-Term Growth Potential Absolute NNN Lease Having No Landlord Responsibilities and Attractive Rent Increases, Providing For a Secured Investment.
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
FOR SALE DETAILS
PRICE
$2,070,740 USD
PRICE/SF
$530 USD /SF
CAP RATE
5.75%
% LEASED
-
TENANCY
Single
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY NAME
Citizens Bank - Clinton Township, MI
PROPERTY TYPE
Retail
PROPERTY SUBTYPE
Bank
ADD'L SUBTYPES
Freestanding, Storefront, Storefront Retail/Office
TOTAL BUILDING SIZE
-
STORIES
1
YEAR BUILT
2001
SPRINKLERS
-
PARKING SPACES
29
LAND DETAILS
LAND ACRES
0.75 AC
LAND SF
32,670 SF
ZONING
BANK
APN/PARCEL ID
16-11-06-351-018
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310-853-1266
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310-853-1266
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