Family Fare

CONTACT US REGARDING THIS LISTING

Robert Bender

Managing Partner

Douglas Passon

Managing Partner

Bryan Bender

Partner & Managing Director

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PROPERTY ADDRESS

1570 N Clare Ave., Harrison, MI 48625

PROPERTY INFORMATION

Price:
$4,514,000
Cap Rate:
8.50%
Term Remaining:
3.5 years Years
Year Built:
2001
Status:
Available

INVESTMENT HIGHLIGHTS

  • True NNN Lease
  • Family Fare Supermarket with Fuel Center
  • This Family Fare Is The ONLY Full-Line Grocery Market For a 10 Mile Radius
  • 15 Year Operating History At This Location
  • Tenant Recently Executed a 5 Year Option @ Slightly Reduced Rent
  • Fuel Center Is On a Separate Ground Lease Expiring 12/2019 With Extremely Low Rent of $24,200
  • Family Fare Recently Closed a Competing Supermarket in Clare MI (15 Miles North of The Subject Property). With No Other Major Grocer Options Clare Residents Should Now Shop at The Harrison Site.
  • Family Fare is Owned By Grand Rapids, MI Based SpartanNash (167 Stores)