9091-9099 Old Us Highway 31 - Freestanding FOR SALE


Berrien Springs, MI 49103
$1,100,000 USD
313-605-1818
9091-9099 Old Us Highway 31, Berrien Springs, MI for Sale
$1,100,000 USD
Freestanding - FOR SALE
1/14
null | 7% Cap Rate

9091-9099 Old Us Highway 31
Berrien Springs, MI 49103


OVERVIEW

**SHORT TERM DUAL TENANT INVESTMENT OPPORTUNITY**: -Dual-tenant property featuring AutoZone and Family Dollar -NN lease structures for both tenants -Tenant Responsibilities: Interior, HVAC, utilities, routine maintenance -Landlord Responsibilities: Roof, structure, parking lot -Family Dollar side includes a brand-new 2025 roof (minimal near-term capital exposure) -Excellent visibility and frontage on Old US-31 with strong traffic -Family Dollar has "Percentage Rent" in their lease -Diversified income stream from two national, recession-resistant tenants -AutoZone Annual Rent: $27,000 -Family Dollar Annual Rent: $49,350 -Total Gross Income: $91,383 -Net Operating Income: $76,958 -Lease Term Remaining: -AutoZone: Approximately 14 months -Family Dollar: Approximately 3 years 2.5 months -Asking Price: $1,100,000

FOR SALE DETAILS

PRICE

$1,100,000 USD

PRICE/SF

$74 USD /SF

CAP RATE

7%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1986

SPRINKLERS

-

PARKING SPACES

51

LAND DETAILS

LAND ACRES

2.7 AC

LAND SF

117,612 SF

ZONING

B

APN/PARCEL ID

11-15-0013-0012-09-6

ASK ABOUT THIS PROPERTY

Petar ElieffIconic Real EstateMore Info
313-605-1818

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Petar ElieffIconic Real EstateMore Info
313-605-1818

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