Citizens Bank
PRICE
CAP RATE
SQUARE FOOTAGE
LEASE TERM

CONTACT US REGARDING THIS LISTING

Douglas Passon

Managing Partner

Robert Bender

Managing Partner

DOWNLOAD LINKS

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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