205 N Elizabeth St - Funeral Home FOR SALE


Bellevue, MI 49021
$410,846 USD
332-345-4222
205 N Elizabeth St, Bellevue, MI for Sale
$410,846 USD
Funeral Home - FOR SALE
1/2
null | 7.75% Cap Rate

205 N Elizabeth St
Bellevue, MI 49021


HIGHLIGHTS

  • Strong Corporate Guarantee
  • Robust Unit - Level Performance
  • Annual Rent Increases
  • Strong Academic Presence
  • Proximity to Major Interstate
  • Affluent Community

OVERVIEW

Surmount is pleased to present the exclusive listing for a Heritage located at 205 N. Elizabeth Street, Bellevue, MI 49021. The site consists of roughly 3,256 rentable square feet of building space on an estimated .32-acre parcel of land. Heritage is subject to a 20-year Triple Net (NNN) lease, which commenced 12/29/2021. The current annual rent is $31,841 and has scheduled increases of 1.50% Annually.

FOR SALE DETAILS

PRICE

$410,846 USD

PRICE/SF

$126 USD /SF

CAP RATE

7.75%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Heritage Funeral Home

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Funeral Home

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2010

SPRINKLERS

-

PARKING SPACES

3

LAND DETAILS

LAND ACRES

0.32 AC

LAND SF

13,939 SF

ZONING

-

APN/PARCEL ID

131-000-039-009-00

ASK ABOUT THIS PROPERTY

Glen KunofskySurmountMore Info
332-345-4222

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Glen KunofskySurmountMore Info
332-345-4222

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.