Listed by The Jonna Group at Colliers International
$3,000,000
Michigan College of Beauty
Details
Property Type Retail
Sub Type Commercial
Square Footage 11,010
Cap Rate 6.40%
NOI $192,000
Occupancy 100%
Tenancy Single
Lease Type Absolute NNN
Lease Term 5
Lease Expiration 02/27/2031
Rent Bumps Yes
Year Built 1987
Acreage 0.920
Parking Spaces 62 spaces
Parking Per SqFt 5.63
Investment Type Net Lease
Tenant Credit Corporate Guarantee
Ownership Fee Simple
Single-Tenant NNN | Beauty School | 60+ Yrs in Operation
Investment highlights
- Net-leased Beauty School in Affluent Troy, MI
- Absolute NNN Lease Structure with Zero Landlord Responsibilities
- Stabilized Rental Income with Annual Rent Increase
- 11,010 +/- SF Building Situated on 0.92-Acre Lot, Includes Built-Out Lover Level
- 3,000 SF Built-Out Lower Level for Added Classroom Use
- Recent 5-Year Lease Renewal
- 60+ Years in Continuous Operation with Strong Brand Recognition
- Built in 1987 with 116 Ft. of Frontage on Rochester Road
- 62 Surface Parking Spaces Supporting Daily School Operations
- Recession-Resilient Business with Sustained Vocational Education Demand
- Strong Visibility on A Well-traveled North–South Corridor in Oakland County
- Mission-critical Facility Housing Classrooms, Training, and Student Services
- Consistent Enrollment Driven by Workforce Development and Licensing Demand
- Ideal for Passive Investors Seeking Stable Cash Flow From an Established Operator
Listing Contacts
Listed by The Jonna Group at Colliers International
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Loan Amount
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Annual Debt Service
$--
$--
Annual Cash Flow
$192,000.00
$16,000.00/mo
Valuation Metrics
0
DSCR
6.4%
Cap Rate
6.4%
ROI
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Zoning
CB CommercialNeighborhood CommercialCommunity Business
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View all 103 uses Last updated May 12, 2026 For deeper zoning details, reports are available at Zoneomics
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