723 N US 27 - Funeral Home FOR SALE


Marshall, MI 49068- Marshall/Albion
$4,310,672 USD
332-345-4185
723 N US 27, Marshall, MI for Sale
$4,310,672 USD
Funeral Home - FOR SALE
1/2
null | 7.75% Cap Rate

723 N US 27
Marshall, MI 49068
Marshall/Albion


HIGHLIGHTS

  • Strong Corporate Guarantee
  • Annual Rent Increases
  • Affluent Community
  • Proximity to Major Interstate
  • Strong Academic Presence
  • Ford's BlueOval Battery Park Michigan

OVERVIEW

Surmount is pleased to present the exclusive listing for a Heritage located at 723 US Highway 27 N, Marshall, MI 49068. The site consists of roughly 16,899 rentable square feet of building space on an estimated 5-acre parcel of land. Heritage is subject to a 20-year Triple Net (NNN) lease, which commenced 12/29/2021. The current annual rent is $334,077 and has scheduled increases of 1.50% Annually.

FOR SALE DETAILS

PRICE

$4,310,672 USD

PRICE/SF

$255 USD /SF

CAP RATE

7.75%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Heritage

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Funeral Home

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2009

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

5 AC

LAND SF

217,669 SF

ZONING

-

APN/PARCEL ID

53-232-009-01

ASK ABOUT THIS PROPERTY

Alexandre MariettoSurmountMore Info
332-345-4185

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

Alexandre MariettoSurmountMore Info
332-345-4185

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