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Dollar General 4531 Lansing Rd 9,100 SF Retail Building Bancroft, MI 48414 $1,282,416 ($140.92/SF) 7% Cap Rate
Investment Highlights
- 7% Cap Rate | $89,769.12 NOI.
- Highly visible location, Ample parking space.
- Average HH Income of $70,791 within 5 miles. 9,000+ Population within 5 miles. Zoned NA for versatile use.
- Strong investment potential.
Executive Summary
Fortis Net Lease is pleased to present 4531 E Lansing Rd, Bancroft, MI - an exceptional 9,100 SF free-standing building located in the thriving Bancroft area. This versatile
property, zoned NA, offers unlimited potential for retail and various investment opportunities. Boasting a prime location and an impressive building footprint, this property is primed for success. With ample space and a sought-after zoning designation, it's an ideal investment for those seeking a retail or free-standing building. Don't miss out on this rare opportunity to own a standout property in this desirable location.
property, zoned NA, offers unlimited potential for retail and various investment opportunities. Boasting a prime location and an impressive building footprint, this property is primed for success. With ample space and a sought-after zoning designation, it's an ideal investment for those seeking a retail or free-standing building. Don't miss out on this rare opportunity to own a standout property in this desirable location.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Convenience Store
Building Size
9,100 SF
Building Class
C
Year Built
2019
Price
$1,282,416
Price Per SF
$140.92
Cap Rate
7%
NOI
$89,769
Tenancy
Single
Building Height
1 Story
Building FAR
0.10
Lot Size
1.99 AC
Zoning
B3 - Commercial
Parking
38 Spaces (4.17 Spaces per 1,000 SF Leased)
Frontage
188’ on Lansing Road
Property Taxes
| Parcel Number | 011-72-004-001-02 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $391,100 |
Property Taxes
Parcel Number
011-72-004-001-02
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$391,100
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