SINGLE TENANT - SALVATION ARMY FAMILY STORE -


 * CREDIT GRADE TENANT WITH 6 YEAR LEASE WITH 2-5 YEAR OPTION.  * STRONG CASH ON CASH FOR A CREDIT TENANT INCOME STREAM.  * STRONG SALES-SIGNIFICANTLY ABOVE THE AVERAGE.  * STRONG TRADE AREA.  ****SEE BROKER FOR DEVELOPMENT OPPORTUNITIES ON EXCESS LAND**** CAP RATE: 9.0%. Pro-forma cash on cash 19%


Property Type: Retail
Property Use: Other Commercial
Year Built: 1997
Level Number: 1
Average Floor Size: 23,531
Cap Rate Percentage: 9
Listing ID: VKMH47
MLS ID: 00120
Style: Retail – Free Standing
Building Size: 23,531 SF

Property Highlights

"CALL OR TEXT ME" at Arthur Pfefferman818-516-0257(Call or Text)art@pfeffermancre.comCalBRE License No:01021906Thomas Fritz734-625-7100tom.frtiz@me.com

Area Description

Area Description: THE PROPERTY IS LOCATED IN THE EXTREME SOUTHEASTERN CORNER OF MICHIGAN'S LOWER PENINSULA, ALONG THE COAST OF LAKE ERIE. IT IS THE LARGEST CITY IN MONROE COUNTY AND FUNCTIONS AS THE COUNTY SEAT. LOCATED APPROXIMATELY 30 MILES FROM BOTH GREATER TOLEDO, OHIO AND METROPOLITAN DETROIT. THIS CITY IS SUPPORTED BY A DIVERSE ECONOMY INCLUDING STEEL PRODUCTION, PROPER PRODUCTS, FURNITURE, ELECTRICAL POWER, AND AUTO PARTS.

Region: Monroe

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