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The Vitamin Shoppe 21901 Eureka Rd 2,775 SF Retail Building Taylor, MI 48180 $1,598,000 ($575.86/SF) 6.81% Cap Rate
INVESTMENT HIGHLIGHTS
- 2,775 SF Modern Brick Building Constructed in 2015
- Double Net Lease (NN) - Minimal Landlord Responsibilities
- High Visibility and Accessibility: Located at The Signalized Intersection of Eureka Road (46,000 Vehicles/Day) and Rancho Boulevard
- Tenant Recently Exercised an Early 5-Year Renewal Thru 2032
- Two Five-Year Options Featuring Rental Increases
- Prime Location Less Than 1 Mile from Major National Retailers
EXECUTIVE SUMMARY
2,775 SF Modern Brick Building Constructed in 2015
Tenant Recently Exercised an Early 5-Year Renewal Thru 2032
Double Net Lease (NN) - Minimal Landlord Responsibilities
Two Five-Year Options Featuring 10% Rental Increases
High Visibility and Accessibility: Located at The Signalized Intersection of Eureka Road (46,000 Vehicles/Day) and Rancho Boulevard
Prime Location Less Than 1 Mile from Major National Retailers Including
Menards, Target, Home Depot, Best Buy, Dick's Sporting Goods, Kohl's, Hobby Lobby, PetSmart Amongst Others
Located Across From The 920,000 SF Southland Mall | New Main Event Entertainment Venue (Owned By Dave & Buster's) Under Development Within Walking Distance
Average Household Income in a 5-Mile Radius Exceeds $83,000 Dollars
Over 195,000 People Within 5-Miles of Subject Property
Tenant Recently Exercised an Early 5-Year Renewal Thru 2032
Double Net Lease (NN) - Minimal Landlord Responsibilities
Two Five-Year Options Featuring 10% Rental Increases
High Visibility and Accessibility: Located at The Signalized Intersection of Eureka Road (46,000 Vehicles/Day) and Rancho Boulevard
Prime Location Less Than 1 Mile from Major National Retailers Including
Menards, Target, Home Depot, Best Buy, Dick's Sporting Goods, Kohl's, Hobby Lobby, PetSmart Amongst Others
Located Across From The 920,000 SF Southland Mall | New Main Event Entertainment Venue (Owned By Dave & Buster's) Under Development Within Walking Distance
Average Household Income in a 5-Mile Radius Exceeds $83,000 Dollars
Over 195,000 People Within 5-Miles of Subject Property
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Freestanding
Building Size
2,775 SF
Building Class
B
Year Built
2015
Price
$1,598,000
Price Per SF
$575.86
Cap Rate
6.81%
NOI
$108,900
Tenancy
Single
Building Height
1 Story
Building FAR
0.06
Lot Size
1.00 AC
Zoning
B-2
Parking
24 Spaces (7.2 Spaces per 1,000 SF Leased)
Frontage
150’ on Eureka Road
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 60-094-99-0018-000 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $36,100 |
PROPERTY TAXES
Parcel Number
60-094-99-0018-000
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$36,100
CONTACTS
-
Deno Bistolarides -
Matthew Weber -
Ryan Vinco -
Encore Real Estate Investment Services
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The Vitamin Shoppe | 21901 Eureka Rd
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