20940 John R Rd - Freestanding FOR SALE


Hazel Park, MI 48030
$1,939,733 USD
201-919-6148
20940 John R Rd, Hazel Park, MI for Sale
$1,939,733 USD
Freestanding - FOR SALE
1/3
null | 9.25% Cap Rate

20940 John R Rd
Hazel Park, MI 48030


HIGHLIGHTS

  • Long-Term Absolute NNN Lease with Annual Rent Increases
  • Rare Opportunity to Own a Retail Property & Adjacent Parking Lot
  • Desirable Retail Trade Area
  • Well Positioned Off Interstate 75 and Michigan Highway 102
  • Growing Industry
  • Located in the Detroit Metropolitan Statistical Area (MSA)

OVERVIEW

Northmarq is pleased to offer for sale to qualified investors, the opportunity to purchase a fee simple interest in the Skymint asset located in Hazel Park, Michigan (the “Property”). The Property consists of a 2,890-square-foot freestanding retail building as well as an adjacent parking lot for additional spaces. Skymint is operating under an absolute NNN lease with zero landlord responsibilities whatsoever, offering a truly passive investment asset. The lease has over 9 years of term remaining, and features attractive 2.50% annual rent escalations throughout the base and option terms, providing investors with a boost to overall cash flows and a significant hedge against inflation.

FOR SALE DETAILS

PRICE

$1,939,733 USD

PRICE/SF

$671 USD /SF

CAP RATE

9.25%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Skymint

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2020

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.21 AC

LAND SF

9,148 SF

ZONING

BI

APN/PARCEL ID

25-36-355-051

ASK ABOUT THIS PROPERTY

Christian TremblayNorthmarqMore Info
201-919-6148

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Christian TremblayNorthmarqMore Info
201-919-6148

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