Comerica Bank

CONTACT US REGARDING THIS LISTING

PROPERTY ADDRESS

27100 Lahser Rd., Southfield, MI 48076

PROPERTY INFORMATION

Price:
$2,976,000
Cap Rate:
6.25%
Term Remaining:
10 Years
Status:
Closed

INVESTMENT SUMMARY

– Absolute Triple Net (NNN) Lease Guarantees Zero Landlord Responsibilities
– 10% Rental Increase in Year 6 and 5% Every 5 Years, Including Options
– Recently Signed Lease Extension for 10 Full Years as of September 1st, 2016
– New Super Market Opening in Adjacent Property
– Location Carries Over $100 Million in Deposits
– Bank Underwent Extensive Interior & Exterior Improvements Incl. $80,000 to New HVAC System which was Paid for by the Tenant