591 S Lapeer Rd - Auto Repair FOR SALE
Lake Orion, MI 48362 |
591 S Lapeer Rd
Lake Orion, MI 48362
HIGHLIGHTS
- Absolute NNN Lease | Zero Landlord Responsibilities
- Sale Lease Back - Tenant has Committed to a Long Term 10 YearLease | Lease will Commence at Close of Escrow
- Seasoned Operator With 9 Units | Father & Son (2nd Generation)50+ Years Experience
- 10% Rental Increases Every 5 Years in Initial Term and Option Period| Hedge Against Inflation
- Tenant has Operated as a Auto-Service Tire Shop at the SubjectLocation for Over 50 Years
- Excellent Visibility with Frontage on South Lapeer Road | LargePylon Sign Increases Visibility
FOR SALE DETAILS
PRICE
-
CAP RATE
-
% LEASED
-
TENANCY
-
BUILDING DETAILS
PROPERTY TYPE
Retail
PROPERTY SUBTYPE
Auto Repair
TOTAL BUILDING SIZE
4484
STORIES
1
YEAR BUILT
1960
SPRINKLERS
-
PARKING SPACES
15
LAND DETAILS
LAND ACRES
-
LAND SF
-
ZONING
-
APN/PARCEL ID
09-11-427-019
