This Property is no longer advertised on Showcase.com.
Off Market
1/15

45295 Grand River Ave
Novi, MI 48375


HIGHLIGHTS

  • NEW 5-YEAR LEASE EXTENSION SIGNED | MINIMAL RESPONSIBILITIES | (2) 5-YEAR OPTIONS WITH RENT INCREASES IN EACH OPTION
  • SHERWIN-WILLIAMS (S&P BBB) CORPORATE GUARANTEE | FEE SIMPLE ASSET | DELIVERED FREE & CLEAR
  • LONG TERM OCCUPANCY | OVER 30 YEARS AT SITE | WELL BELOW MARKET RENTS | $8.19 PSF
  • COMMERCIAL PAINT STORE | CATERS TO PROFESSIONALS | DOUBLE THE SIZE OF NORMAL SHERWIN-WILLIAMS FOOTPRINT
  • SITUATED ON 1.66-ACRE LOT | 10,540-SQUARE FOOT BUILDING | ONLY SHERWIN-WILLIAMS IN CITY | LIMITED COMPETITION
  • STRONG DEMOS | 139,000+ PEOPLE IN 5-MILE RADIUS | AFFLUENT MARKET | $123,000+ INCOME IN 5-MILE RADIUS

FOR SALE DETAILS

PRICE

-

CAP RATE

-

% LEASED

-

TENANCY

-

BUILDING DETAILS

PROPERTY NAME

Sherwin-Williams

PROPERTY TYPE

Industrial

PROPERTY SUBTYPE

Warehouse

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1985

UTILITIES

-

CLEAR CEILING HT

18 Ft

DOCKS

-

DRIVE INS

2

PARKING SPACES

-

LAND DETAILS

LAND ACRES

-

LAND SF

-

ZONING

-

APN/PARCEL ID

22-15-351-044