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Browse More Listings in Retail For Sale, Rockford, MI or Michigan

Retail Property For Sale

Advance Auto - 15 Year NNN - 9.25% Cap

2790 10 Mile Road NE, Rockford, MI 49341

Price:
$1,729,000
Building Size:
7,000 SF
Price/SF:
$247
Property Type:
Retail
Property Sub-type:
Free Standing Bldg
Additional Sub-types:
Retail (Other)
Retail Pad
Strip Center
Property Use Type:
Net Lease Investment with 10+ years left on lease
Commission Split:
2%
Cap Rate:
9.25%
Occupancy:
100%
Tenancy:
Single
Lot Size:
1.43 AC
Find Out More...

Last Verified 9/29/2009 Listing ID 16275414

Description

Marcus & Millichap is pleased to announce for sale a 7,000 square foot Advance Auto Parts store, located in Rockford, Michigan. The subject property was constructed in 2006. The lease in place is 15 years in length and is NNN in nature, with the landlord being responsible for capital replacements to the roof (warranted), slab, and foundation. The tenant is responsible for maintenance and replacement of the roof, parking lot, HVAC and other common items. The lease contains three, five year renewal options with 5 percent rent increases at the beginning of each option period.

Rockford, MI; Median Household Income Within Five Miles is $75,106 / 24.19% Increase Since 2000
Second from a newer Highway and a new Meijer Supercenter

Financial Summary

Actual
Net Operating Income
$160,000

Map of 2790 10 Mile Road NE, Rockford, MI 49341 (Kent County)

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Presented by

Marcus & Millichap

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Contact Listing Broker

Robert Bender - Marcus & Millichap (248) 415-2617

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Created 6/11/2009

Additional Information for 2790 10 Mile Road Ne, Rockford, MI 49341

Active For Sale - 1 Listing
Active For Lease - 0 Listing
Previously Listed - 0 Historic Listing
Sales Comparables Available - 0 RecentSales Record

View additional information for the property view other currently active listings, previous listings, sales comparables, public records, and county records data for this address.

Comparable Properties for 2790 10 Mile Road NE, Rockford, MI 49341

Nearby Land properties for saleSearch all commercial real estate for sale

2799 10 Mile Rd., N.E.
N/A
1.07 - 65.65 Acres

The information above has been obtained from sources believed reliable. While we do not doubt its accuracy we have not verified it and make no guarantee, warranty or representation about it. It is your responsibility to independently confirm its accuracy and completeness. Any projections, opinions, assumptions, or estimates used are for example only and do not represent the current or future performance of the property. The value of this transaction to you depends on tax and other factors which should be evaluated by your tax, financial, and legal advisors. You and your advisors should conduct a careful, independent investigation of the property to determine to your satisfaction the suitability of the property for your needs.

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Retail Property For Sale - Advance Auto - 15 Year NNN - 9.25% Cap

2790 10 Mile Road NE, Rockford, MI, 49341