Advance Auto Parts | 9 Years Remaining | Major Retail Corridor Including Walmart, Home Depot, Meijer, Applebee’s and More

Agent Info

Brandon Hanna

248.702.0290
bhanna@encorereis.com

Deno Bistolarides

248.702.0288
denob@encorereis.com

Ryan Vinco

248.702.0299
ryan@encorereis.com

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Offering Information

1248 M 89
Plainwell, MI 49080

  • Price: $1,942,500
  • Cap. Rate: 6.40%
  • NOI: $124,320
  • Building Size: 7,000SF
  • Lot Size: .52 AC

Investment Highlights

  • Original 15 Year Corp Lease with Extension in 2016; 9 Years Remaining
  • Investment Grade S&P “BBB-” - Corporate Guarantee
  • (3) 5 Year Options With 10% Increases at Each Option
  • Located on Busy Retail Corridor; M-89 30,000+ Daily Traffic Count
  • $61,400+ Household Income in 5 Mile Radius
  • Population Exceeds 14,450+ in a 3 Mile Radius
  • Retailers Nearby Include: Walmart, Home Depot, Meijer, Applebee’s and More
  • Plainwell is Located on M-89 Just East of its Junction with US 131
  • The City of Otsego is Approximately Three Miles to the West