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2240 Cedar St
Holt, MI 48842
Retail Property For Sale
Investment Highlights
- The lease features an absolute NNN structure with zero landlord responsibilities.
- The property is situated at a signalized hard corner intersection.
Executive Summary
Recently-Extended Absolute NNN Lease with Corporate Guaranty
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Drug Store
Building Size
11,046 SF
Building Class
B
Year Built
1998
Price
$3,260,741
Price Per SF
$295.20
Cap Rate
6.75%
NOI
$220,100
Tenancy
Single
Building Height
1 Story
Building FAR
0.13
Lot Size
1.95 AC
Opportunity Zone
Yes
Zoning
TC
Parking
50 Spaces (4.34 Spaces per 1,000 SF Leased)
Amenities
- Corner Lot
- Pylon Sign
- Signage
- Signalized Intersection
- Drive Thru
Property Taxes
| Parcel Number | 25-05-14-152-020 | Improvements Assessment | $298,700 |
| Land Assessment | $254,800 | Total Assessment | $553,500 |
Property Taxes
Parcel Number
25-05-14-152-020
Land Assessment
$254,800
Improvements Assessment
$298,700
Total Assessment
$553,500
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