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- LoopNet Team
740 Denmark St
Baldwin, MI 49304
NNN Sale Leaseback Baldwin MI Save-A-Lot · Retail Property For Sale
PROPERTY FACTS
ABOUT 740 DENMARK ST , BALDWIN, MI 49304
The SVN Colvin Team and Easy Leasebacks present this well-priced, high volume grocery store sale-leaseback at an 8% cap rate in the popular resort town of Baldwin Michigan. Jorgensen’s Inc has been in the grocery business for decades. They own four Save-A-Lot grocery stores and three Spartan Grocery Stores, all in Michigan. The Baldwin location is one of the highest-grossing Save-A-Lots in the State. Jorgensen’s will do a 10-year sale-leaseback on the entire building, absolute triple net, with annual rent increases of 1%. They would like four 10 year renewal options with the same annual increases. Save-A-Lot currently occupies approximately 15,000 SF. There is an additional approx. 9,000 SF of expansion area in the building. The 9,000 SF expansion area is sub-leased to Dollar General, who recently renewed their lease early for an additional 5 years. Jorgensen’s will master-lease the entire building and pay all cos
PROPERTY TAXES
| Parcel Number | 42-034-001-51 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $516,000 |
PROPERTY TAXES
