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12495054
12495055

830 28th St SW, Wyoming, MI 49509 For Sale

PM
MI 6505394548
Blue Rock Commercial Real Estate
Listed by Blue Rock Commercial Real Estate
$3,000,000
1040 days on market
Updated 11 days ago

Fully Leased Retail or Owner Occupied Retail

Details
Property Type Industrial, Office (+1)
Sub Type Convenience Store, Grocery Store
Square Footage 19,589
Net Rentable (SqFt) 19,589
Cap Rate 7.05%
NOI $211,500
Occupancy 100%
Tenancy Single
Lease Type Absolute NNN
Lease Expiration 04/01/2032
Remaining Term 5.7
Rent Bumps No
Price per SqFt $153
Class A
Stories 2
Zoning COMMERCIAL-IMPROVED
Investment Type Net Lease
Tenant Credit Credit Rated

Nice value add opportunity. Leases ready to be increased.

Marketing description

Great opportunity for an Investment Property on a busy corridor with the option for either a long term tenant or to Occupy with 90 days notice.

Former grocery store now available for sale located on 28th Street SW at the corner with Clyde Park Ave. Located adjacent to Rogers Plaza and 28 West apartments that are currently under construction. Join Save A Lot, Aldi, Flowerland, Planet Fitness, Harbor Freight, McDonald's and Goodwill in this high traffic corridor.

Investment highlights

Former grocery store now available for sale located on 28th Street SW at the corner with Clyde Park Ave. Located adjacent to Rogers Plaza and 28 West apartments that are currently under construction. Join Save A Lot, Aldi, Flowerland, Planet Fitness, Harbor Freight, McDonald's and Goodwill in this high traffic corridor.

Listing Contacts

PM
MI 6505394548
Blue Rock Commercial Real Estate
Listed by Blue Rock Commercial Real Estate

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Loan Amount
$0.00
Annual Debt Service
$--
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Annual Cash Flow
$211,500.00
$17,625.00/mo

Valuation Metrics

0
DSCR
7.05%
Cap Rate
7.05%
ROI

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