BOMIC Real Estate
Listed by BOMIC Real Estate
$650,000
34705 Southbound Gratiot Avenue
Details
Property Type Retail
Sub Type Convenience Store, Auto Shop
Square Footage 5,170
Units 2
NOI $60,000
Occupancy 100%
Tenancy Multi
Price per SqFt $126
Year Built 1986
Acreage 0.410
Zoning commercial
Parking Spaces 10 spaces
Parking per 1,000 SqFt 1.93
Investment Type Owner/User
Ground Lease No
2 leased buildings for sale/ liquor store and auto detail shop
Investment highlights
Two nice buildings with existing businesses in place. Lease totals $5,000/month. Monthly sales on the liquor store are approximately $17,000-$20,000 with a weekly profit margin of 25-40%. Excellent location! Contact Faris Kheir 586-495-2300.
Listing Contacts
BOMIC Real Estate
Listed by BOMIC Real Estate
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$60,000.00
$5,000.00/mo
Valuation Metrics
0
DSCR
9.23%
Cap Rate
9.23%
ROI
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