Citizens Bank
CONTACT US REGARDING THIS LISTING
PROPERTY ADDRESS
28455 Schoenherr Rd., Warren, MI 48088
PROPERTY INFORMATION
Price:
$1,478,571
Cap Rate:
7.0%
Term Remaining:
5 Years
Status:
Closed
INVESTMENT SUMMARY
– Absolute NNN Lease
– Early Five Year Lease Renewal (5+ Years on Current Term)
– Strong Customer Deposits in Excess of $52.2M
– Long Term Operating History at This Location
– Investment Grade Tenant – Citizens Bank, N.A.
– Rent Just Reduced by 20% and is Now Below Fair Market Rates
– Tenants Operating Costs Went Down Significantly in a Growing
Economy and While Consumer Deposits Have Increased