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Skymint 20940 John R Rd 2,890 SF Retail Building Hazel Park, MI 48030 $1,939,733 ($671.19/SF) 9.25% Cap Rate



Investment Highlights
- Long-Term Absolute NNN Lease with Annual Rent Increases
- Desirable Retail Trade Area
- Growing Industry
- Rare Opportunity to Own a Retail Property & Adjacent Parking Lot
- Well Positioned Off Interstate 75 and Michigan Highway 102
- Located in the Detroit Metropolitan Statistical Area (MSA)
Executive Summary
Northmarq is pleased to offer for sale to qualified investors, the opportunity to purchase a fee simple interest in the Skymint asset located in Hazel Park, Michigan (the “Property”). The Property consists of a 2,890-square-foot freestanding retail building as well as an adjacent parking lot for additional spaces. Skymint is operating under an absolute NNN lease with zero landlord responsibilities whatsoever, offering a truly passive investment asset. The lease has over 9 years of term remaining, and features attractive 2.50% annual rent escalations throughout the base and option terms, providing investors with a boost to overall cash flows and a significant hedge against inflation.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Freestanding
Building Size
2,890 SF
Building Class
C
Year Built/Renovated
2020/2021
Price
$1,939,733
Price Per SF
$671.19
Cap Rate
9.25%
NOI
$179,425
Tenancy
Single
Building Height
1 Story
Building FAR
0.32
Lot Size
0.21 AC
Zoning
BI
Frontage
104’ on John R Rd
Nearby Major Retailers
Property Taxes
| Parcel Number | 25-36-355-051 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $196,870 |
Property Taxes
Parcel Number
25-36-355-051
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$196,870
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Skymint | 20940 John R Rd
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