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- LoopNet Team
3625 E Grand River Ave
Howell, MI 48843
Payless ShoeSource (Corp. Lease) Value-Add · Retail Property For Sale
Property Facts
Amenities
- Pylon Sign
About 3625 E GRAND RIVER AVE , HOWELL, MI 48843
Value-add opportunity to purchase a single tenant building currently under an absolute NNN lease (corporate guaranteed) with Payless Shoe Source. The 3,062 square foot building sits on a large 1.03 acre parcel and as an outparcel to a power center. The tenant currently has 2-plus years remaining on the lease (owner will collect more than $130,000 in rent before expiration) but there could also be a possibility of having tenant vacate early if required. The tenant is paying below market rents of only $21.30/SF. The population within 3 miles has increased by 45%+ since 2000. The location is surrounded by national retailers including Walmart, Home Depot, Lowe's and Meijer among many other restaurants and national tenants.
Property Taxes
| Parcel Number | 11-05-400-030 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $233,900 |
Property Taxes
