69411 M-62 - Office FOR SALE
Edwardsburg, MI 49112 |
$1,540,195 USD
305-905-3215
69411 M-62
Edwardsburg, MI 49112
HIGHLIGHTS
- Absolute NNN Lease Structure: Zero landlord responsibilities
- Built-In Annual Rent Escalations: The lease features fixed 2.5% annual rent increases, providing a consistent hedge against inflation
- Long-Term Lease Commitment: The tenant operates under a 15-year lease with over ±10 years of term remaining
- Strong In-Store Sales Performance: The tenant’s sales performance is extremely strong, resulting in a very low rent-to-sales ratio
- Limited Market Competition: Strategically located in Edwardsburg, MI, the subject property is one of only two dispensaries in the immediate trade area
- Proximity to National Retailers: The asset benefits from its close proximity to several national credit tenants, including McDonald’s and Taco Bell.
FOR SALE DETAILS
PRICE
$1,540,195 USD
PRICE/SF
$536 USD /SF
CAP RATE
10.75%
% LEASED
-
TENANCY
Single
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY NAME
Nobo
PROPERTY TYPE
Office
TOTAL BUILDING SIZE
-
STORIES
2
BUILDING CLASS
C
YEAR BUILT
2000
SPRINKLERS
-
PARKING SPACES
-
LAND DETAILS
LAND ACRES
0.65 AC
LAND SF
28,314 SF
ZONING
-
APN/PARCEL ID
14-091-108-051-20
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305-905-3215
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305-905-3215
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