Listed by Thomas Duke Company
$1,975,000
116 Mill Street
Details
APN 53-36-506-079
Property Type Retail
Sub Type Commercial /Free Standing Building
Square Footage 5,632
Cap Rate 6.20%
NOI $122,004
Brand/Tenant Cosmetic Skin and Laser Center
Lease Type NNN
Lease Expiration 03/07/2029
Remaining Term 3.5
Lease Options two 3-year options
Price per SqFt $351
Year Built 2018
Stories 2
Acreage 0.165
Zoning CBD Central Business District
Parking Spaces 8 spaces
Parking Per SqFt 1.42
Beautiful Med Spa building in the heart of Fenton.
Marketing description
Two-story Med Spa building located in Downtown Fenton.
Northeast corner of Mill Street and Adelaide Street in downtown Fenton.
Investment highlights
- Investment Opportunity.
- Located in Downtown Fenton.
- Med Spa Tenant With 20 Locations.
- Spectacular Architecture With High-end Finishes.
- Additional Municipal Parking Adjacent.
- Private Equity Backed Med Spa Tenant With 20 Locations and Growing.
- 3.5 Years Remaining on Current Lease With Two 3-year Options.
- 3% Annual Increases.
- 5.8% Cap Rate (as of 3/8/26)
Listing Contacts
Listed by Thomas Duke Company
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$122,003.58
$10,166.97/mo
Valuation Metrics
0
DSCR
6.18%
Cap Rate
6.18%
ROI
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