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2972 Coolidge Hwy
Berkley, MI 48072
Retail Property For Sale
Investment Highlights
- Absolute NNN Lease – zero landlord responsibilities
- Attractive 10% increases every 5 years
- Frontage on Coolidge Hwy, a major ingress and egress to Berkley and the surrounding areas.
- Multi-unit operator
- Cap rate jumps to 7.15% on 7/1/2024
- Densely populated trade area (330,591 population In a 5-mile radius)
Property Facts
Property Type
Retail
Property Subtype
Restaurant
Building Size
4,229 SF
Building Class
B
Year Built/Renovated
1927/2011
Tenancy
Single
Building Height
1 Story
Building FAR
0.16
Lot Size
0.61 AC
Zoning
BV
Parking
40 Spaces (9.45 Spaces per 1,000 SF Leased)
Frontage
Amenities
- Signage
Property Taxes
| Parcel Number | 25-17-151-032 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $466,600 |
Property Taxes
Parcel Number
25-17-151-032
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$466,600
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