1235 E Bridge St | Portland, MI 48875
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1235 E Bridge St
Portland, MI 48875
10-Yr Extension | Corporate Huntington Bank · Retail Property For Sale
INVESTMENT HIGHLIGHTS
- Recent 10-year lease extension; showing success and commitment to the site
- $43.47 MM in deposits as of June 2020, a 10% increase over the past year
- 3 lane drive-thru sustaining contactless transactions mitigating against Covid-19 spread
- 11% rent increase starts January 2021; then 10% rent increase in 1st option period and 5% rent increase every 5 years in the remaining options
- Highest Huntington branch deposits in the County
- Interstate 96 location positioned just north of on/off ramp access (39,000 VPD)
PROPERTY FACTS
Property Type
Retail
Property Subtype
Building Size
5,616 SF
Building Class
C
Year Built
1997
Tenancy
Single
Building Height
1 Story
Building FAR
0.08
Lot Size
1.56 AC
Zoning
R2
Parking
10 Spaces (1.78 Spaces per 1,000 SF Leased)
Frontage
AMENITIES
- Signage
- Drive Thru
- Energy Star Labeled
PROPERTY TAXES
| Parcel Number | 300-200-000-445-00 | Improvements Assessment | $477,300 |
| Land Assessment | $23,000 | Total Assessment | $500,300 |
PROPERTY TAXES
Parcel Number
300-200-000-445-00
Land Assessment
$23,000
Improvements Assessment
$477,300
Total Assessment
$500,300
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