111 N US Highway 131 | Three Rivers, MI 49093
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- LoopNet Team
111 N US Highway 131
Three Rivers, MI 49093
Rx Optical · Retail Property For Sale
INVESTMENT HIGHLIGHTS
- Long Time Tenant - 30 Years at this location
- 2015 Reimage and renovation
- Corporate Guarantee - 55 locations and growing
- 15 Year Extension with 2% Annual Increases signed in 2015
- Passive Income - Average CAP 7.1%
- Outparcel to regional shopping center along retail corridor
PROPERTY FACTS
Property Type
Retail
Property Subtype
Freestanding
Building Size
2,520 SF
Building Class
C
Year Built/Renovated
1990/2015
Tenancy
Single
Building Height
1 Story
Building FAR
0.06
Lot Size
0.90 AC
Zoning
B-2, General Bus District
Parking
18 Spaces (7.14 Spaces per 1,000 SF Leased)
PROPERTY TAXES
| Parcel Number | 051-399-102-05 | Improvements Assessment | $64,500 |
| Land Assessment | $192,500 | Total Assessment | $257,000 |
PROPERTY TAXES
Parcel Number
051-399-102-05
Land Assessment
$192,500
Improvements Assessment
$64,500
Total Assessment
$257,000
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