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719 Ashmun St
Sault Sainte Marie, MI 49783
Domino's · Retail Property For Sale
INVESTMENT HIGHLIGHTS
- Absolute Net Lease | Completely Passive Asset With Zero Landlord Responsibility
- Lease Supports (4) 5-Year Option Periods
- Drive-Thru Location Completely Retrofit For Domino's in 2020
- 2% Annual Rental Increases Provide Automatic NOI Growth & Inflation Hedge
- Low Rent to Sales Ratio at 5.50%
- Relocation From A Successful Store in the Existing Market
EXECUTIVE SUMMARY
Absolute Net Lease | Completely Passive Asset With Zero Landlord Responsibility
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Fast Food
Building Size
3,694 SF
Building Class
A
Year Built
1990
Price
$1,200,000
Price Per SF
$324.85
Cap Rate
6.09%
NOI
$73,034
Tenancy
Single
Building Height
1 Story
Building FAR
0.08
Lot Size
1.09 AC
Zoning
B3
Frontage
AMENITIES
- Restaurant
- Drive Thru
- Air Conditioning
PROPERTY TAXES
| Parcel Number | 051-624-004-00 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $262,800 |
PROPERTY TAXES
Parcel Number
051-624-004-00
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$262,800
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