Starbucks & Aspen Dental

CONTACT US REGARDING THIS LISTING

Steve Sagmani

Senior Advisor

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PROPERTY ADDRESS

4216 24TH AVENUE, FORT GRATIOT, MI 48059

PROPERTY INFORMATION

Price:
$2,087,244
Cap Rate:
6.75%
Term Remaining:
5 years Years
Year Built:
2013
Status:
Available

INVESTMENT HIGHLIGHTS

  • NN Lease Guarantees Minimal Landlord Responsibilities
  • Rent Bump in Year 6 for Both Tenants
  • Constructed in 2013
  • Corporately Guaranteed by Aspen Dental and Starbucks
  • Aspen Dental Lease has (3) Five Year Options to Extend
  • Starbucks lease has (4) Five Year Options to Extend
  • Rental Increases in Each Option Period
  • 5 Mile Population Exceeds 46,000 Residents