229 Tecumseh St - Storefront Retail/Office FOR SALE


Dundee, MI 48131
$425,000 USD
734-777-0490
229 Tecumseh St, Dundee, MI for Sale
$425,000 USD
Storefront Retail/Office - FOR SALE
1/1
null | 8.24% Cap Rate

229 Tecumseh St
Dundee, MI 48131


HIGHLIGHTS

  • Credit Tenant
  • Thriving Location
  • Package Deal

OVERVIEW

Property Overview This Net investment property offers a hassle-free opportunity for investors, as the tenant, MyEyeDr, covers $35,000/yr rent, CAM, and real estate taxes. The property is a prime retail space with high visibility, situated in a bustling area that ensures steady customer flow. Location Benefits Dundee, MI, is a growing community with a population of approximately 5,400 to 6,000 and a median household income of $73,641. The area’s demographic, with a median age of 37, supports demand for optometry services, and its proximity to major roads like US Route 23 and M-50 enhances accessibility. Tenant Strength Their financial stability is supported by private equity backing from multiple firms, including Monitor Clipper Partners, which invested in 2012, followed by Altas Partners and Caisse de dépôt et placement du Québec (CDPQ) in 2015, and later a $2.7 billion deal with a division of Goldman Sachs in 2019, as reported in New York Business Journal. Their recognition in Newsweek’s "America's Best Customer Service 2024" Awards adds to their credibility. Available as a package with 7470 Secor Rd, Lambertville, MI also leased by MyEyeDr. Information deemed reliable but not guaranteed. Buyer to verify and perform their own due diligence.

FOR SALE DETAILS

PRICE

$425,000 USD

PRICE/SF

$177 USD /SF

CAP RATE

8.24%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront Retail/Office

ADD'L SUBTYPES

Storefront Retail/Residential, Medical

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1900

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.19 AC

LAND SF

8,276 SF

ZONING

-

APN/PARCEL ID

42-040-032-00

ASK ABOUT THIS PROPERTY

Aaron WiensWiens & Roth Real EstateMore Info
734-777-0490

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Aaron WiensWiens & Roth Real EstateMore Info
734-777-0490

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