35157 23 Mile Rd | New Baltimore, MI 48047
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- LoopNet Team
35157 23 Mile Rd
New Baltimore, MI 48047
Advance Auto Parts · Retail Property For Sale
Investment Highlights
- Investment Grade Credit Tenant – Advance Auto Parts (Moody’s Rated “Baa2”, Outlook: Stable)
- 0.92 Acres of Land – 7,000 SF Building
- Positioned on the Main East/West Thoroughfare – Excellent Visibility & Easy Access
- 5.75 Lease Years Remaining – 2, 5 Year Options – 18% Increase in Option 1 & 4.5% Increase in Option 2
- Net Leased Investment – Minimal Landlord Responsibilities (Roof & Structure Only)
- Long Term Passive Investment – Ease of Management – Zero Day-to-Day Maintenance Responsibilities
Property Facts
Property Type
Retail
Property Subtype
Freestanding
Building Size
6,784 SF
Building Class
C
Year Built
2001
Building Height
1 Story
Building FAR
0.17
Lot Size
0.93 AC
Zoning
GC
Parking
40 Spaces (6.08 Spaces per 1,000 SF Leased)
Frontage
131’ on 23 Mile Rd
Property Taxes
| Parcel Number | 06-09-13-352-033 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $376,100 |
Property Taxes
Parcel Number
06-09-13-352-033
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$376,100
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