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Heritage 723 N US 27 16,899 SF Retail Building Marshall, MI 49068 $4,310,672 ($255.08/SF) 7.75% Cap Rate
Investment Highlights
- Strong Corporate Guarantee
- Affluent Community
- Strong Academic Presence
- Annual Rent Increases
- Proximity to Major Interstate
- Ford's BlueOval Battery Park Michigan
Executive Summary
Surmount is pleased to present the exclusive listing for a Heritage located at 723 US Highway 27 N, Marshall, MI 49068. The site consists of roughly 16,899 rentable square feet of building space on an estimated 5-acre parcel of land. Heritage is subject to a 20-year Triple Net (NNN) lease, which commenced 12/29/2021. The current annual rent is $334,077 and has scheduled increases of 1.50% Annually.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Funeral Home
Building Size
16,899 SF
Building Class
B
Year Built
2009
Price
$4,310,672
Price Per SF
$255.08
Cap Rate
7.75%
NOI
$334,077
Tenancy
Single
Building Height
1 Story
Building FAR
0.08
Lot Size
5.00 AC
Somewhat walkable
30/100
Exceptionally drivable
100/100
Fairly bikeable
50/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 53-232-009-01 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $1,152,200 |
Property Taxes
Parcel Number
53-232-009-01
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$1,152,200
Contacts
-
Alexandre Marietto -
Kyle Karsian -
Joseph Kelly -
Glen Kunofsky -
Christopher Marks -
Surmount
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