32406 Franklin Rd - Specialty FOR SALE


Franklin, MI 48025
$613,000 USD
248-254-3406
32406 Franklin Rd, Franklin, MI for Sale
$613,000 USD
Specialty - FOR SALE
1/1
null | 5.5% Cap Rate

32406 Franklin Rd
Franklin, MI 48025


HIGHLIGHTS

  • 1,827 SF Single Tenant Net Lease
  • Lease Recently Extended Again For 5 More Years
  • USPO Has Occupied This Building Since 1978
  • Historical Village Of Franklin, MI
  • Incredible Barriers to Relocate (Historical Designation)
  • CAM Is Managed Directly By USPO

OVERVIEW

Fortis Net Lease is pleased to present a prime investment opportunity located at 32406 Franklin Rd, Franklin, MI, 48025. This 1,827 SF building, constructed in 1978, has been occupied by the US Post Office since construction. The tenant has NO identifiable sites to which they can ever relocate due to the historical designation of Franklin Road. The common area maintenance (lawn and snow) is managed and paid directly by USPO. The landlord pays for capital replacements and repairs to the premises as well as the property insurance and real estate taxes (which are then 100% reimbursed by tenant). There are 10% rent bumps in remaining five year options to renew the term. Investing in commercial property on Franklin Road in the Village of Franklin, MI, presents a unique opportunity due to the area's blend of historic charm and strategic location. Franklin is known for its well-preserved 19th-century architecture and a strong sense of community, attracting both residents and visitors seeking a quaint village atmosphere. Franklin Road serves as a central thoroughfare, providing excellent visibility and accessibility for businesses. The limited availability of commercial spaces in this predominantly residential area can lead to higher demand and potential appreciation in property value.

FOR SALE DETAILS

PRICE

$613,000 USD

PRICE/SF

$336 USD /SF

CAP RATE

5.5%

% LEASED

-

TENANCY

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

United States Postal Service

PROPERTY TYPE

Specialty

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

C

YEAR BUILT

1978

SPRINKLERS

-

PARKING SPACES

6

LAND DETAILS

LAND ACRES

0.27 AC

LAND SF

11,678 SF

ZONING

CM

APN/PARCEL ID

24-06-276-003

ASK ABOUT THIS PROPERTY

Robert BenderFortis Net LeaseMore Info
248-254-3406

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Robert BenderFortis Net LeaseMore Info
248-254-3406

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