22901 Gratiot Ave - Freestanding FOR SALE
Eastpointe, MI 48021 |
$2,050,000 USD
248-702-0288
22901 Gratiot Ave
Eastpointe, MI 48021
HIGHLIGHTS
- Corporate Guarantee | S&P Credit Rating "BB+" | Ideal Low-Management Investment For a Passive Investor
- Built-To-Suit For Advance Auto Parts in 2008 | 3+ Years Remain
- Lease Supports Two - 5-Year Options with 5% Rental Increases In Each Option
- Multiple Points Of Ingress and Egress From Gratiot Ave and N Park Ave | 42,000 VPD+
- High Barrier Entry To Market | Priced Below Replacement Cost
- 2 Miles To The On/Off Ramps Off I-696 | 135,000 VPD+
FOR SALE DETAILS
PRICE
$2,050,000 USD
PRICE/SF
$293 USD /SF
CAP RATE
7.54%
% LEASED
-
TENANCY
Single
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY NAME
Advance Auto Parts
PROPERTY TYPE
Retail
PROPERTY SUBTYPE
Freestanding
TOTAL BUILDING SIZE
-
STORIES
1
YEAR BUILT
2008
SPRINKLERS
-
PARKING SPACES
35
LAND DETAILS
LAND ACRES
0.88 AC
LAND SF
38,333 SF
ZONING
RETAIL 5K
APN/PARCEL ID
02-14-30-380-030
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248-702-0288
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248-702-0288
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