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111 N US Highway 131
Three Rivers, MI 49093
Rx Optical (MyEyeDr.) · Retail Property For Sale

INVESTMENT HIGHLIGHTS

  • 15 year extension (2015) with 2% Annual Increases.
  • Long time tenant - 30 years at this location
  • Great Retail Corridor across the street from Walmart and surrounded by national retail brands
  • Strong Corporate guarantee by MED Parentco. LP (MyEyeDr.) - 731 locations
  • Average CAP Rate 6.67%

PROPERTY FACTS

Property Type
Retail
Property Subtype
Freestanding
Building Size
2,520 SF
Building Class
C
Year Built
1990
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

PROPERTY TAXES

Parcel Number
051-399-102-05
Land Assessment
$192,500
Improvements Assessment
$64,500
Total Assessment
$257,000
  • Listing ID: 23914522

  • Date on Market: 8/16/2021

  • Last Updated:

  • Address: 111 N US Highway 131, Three Rivers, MI 49093

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