1940 Sweeney St
Mount Pleasant, MI 48858
Mount Pleasant Social Security Administration · Office Property For Sale

Marcus and Millichap is pleased to offer for sale a government-leased office building located at 1940 Sweeney Street in Mount Pleasant, Michigan. The offering consists of 7,033-square foot office building located on a 0.58-Acre lot. The property was built in 2001 and the Social Security Administration did a major renovation in 2014 to encumber a first generation 10-year lease which is backed by the United States Government (AA+ S&P rated) and currently has approximately 7 years remaining on the lease with approximately 2 years of the firm term of the lease. The investment is ideal for an investor who is seeking stable cash follow from one of the highest credit tenants available. This is a first-generation lease which gives the investor the comfort of the governments extremely high probability of lease renewal at the end of the lease term. The property is cash flowing $118,497 per year which will give an investor 9.48% return assuming it is purchased all cash. The property is located in Mount Pleasant, MI which is strategically located across from the Social Security Administration – Office of Disability and just east of Central Michigan University. The property is also less than a mile from the major retail corridor which includes CVS Pharmacy, Sears, Sherwin-Williams, Papa John’s Pizza, McDonald’s, Buffalo Wild Wings, Burger King, Wendy’s Jimmy John’s, Payless ShoeSource, Staples, JC Penny, Target, Starbucks, Subway, PetSmart, Walmart, and many others in the immediate area.