28999 5 Mile Rd - Bank FOR SALE
Livonia, MI 48154 |
$800,000 USD
404-245-0161
28999 5 Mile Rd
Livonia, MI 48154
HIGHLIGHTS
- Absolute Triple Net Lease: Recently Extended Lease With 6 Years Remaining on the Lease Term and (2) Additional 5-Year Options
- High-Performing Branch Location: Over $96 Million in Deposits, Reflecting Strong Consumer Loyalty and Operational Success
- Investment-Grade Credit Tenant: Backed By Citizens Financial Group (NYSE: CFG), a Publicly Traded Financial Institution With a $7B+ Market Cap
- Excellent Visibility: Situated on 5 Mile Road & Middlebelt, With a Combined 62,431 Vehicles Per Day
- Recent Lease Extension Signals Tenant Commitment: Citizens’ Decision to Extend the Lease in 2025 Confirms Its Long-Term Operational Confidence
OVERVIEW
Sands Investment Group is Pleased to Exclusively Offer For Sale the 1,921 SF Citizens Bank Located at 28999 5 Mile Rd in Livonia, MI. This Deal Includes an Attractive Investment Metric and Passive Income With Long-Term Growth Potential Absolute NNN Lease Having No Landlord Responsibilities and Attractive Rent Increases, Providing For a Secured Investment.
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
$800,000 USD
PRICE/SF
$416 USD /SF
CAP RATE
6.09%
% LEASED
-
TENANCY
Single
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY NAME
Citizens Bank
PROPERTY TYPE
Retail
PROPERTY SUBTYPE
Bank
TOTAL BUILDING SIZE
-
STORIES
1
YEAR BUILT
1976
SPRINKLERS
-
PARKING SPACES
25
LAND DETAILS
LAND ACRES
0.68 AC
LAND SF
29,621 SF
ZONING
-
APN/PARCEL ID
46-094-01-0263-000
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404-245-0161
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