Listed by European Equities Corporation
$4,299,000
Pilot Bank on 4th
Details
Property Type Retail
Sub Type Bank
Square Footage 4,148
Cap Rate 4.31%
NOI $185,077
Tenancy Single
Lease Type NNN
Rent Bumps Yes
Lease Options 2/ 5 year options
Acreage 0.460
Investment Type Net Lease
Tenant Credit Credit Rated
Occupancy Date 11/01/2018
Retail | 4.31% CAP 4,148 SF
Marketing description
Hard lighted corner on 4th st and 22nd ave!
Lake Michigan credit union has exercised their right to renew 1 of their 2 options for 5 more years with 3% increases
Investment highlights
- True NNN lease with 3% annual increase
Listing Contacts
Listed by European Equities Corporation
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$185,077.00
$15,423.08/mo
Valuation Metrics
0
DSCR
4.31%
Cap Rate
4.31%
ROI
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