HIGH YIELD KROGER CENTER OUT LOT OPPORTUNITY

Agent Info

Ryan Vinco

248.702.0299
ryan@encorereis.com

Jared McNutt

248.702.0295
jared@encorereis.com

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Offering Information

1000 S Monroe St
Monroe, MI 48161

  • Price: $595,000
  • Cap. Rate: 11.14%
  • NOI: $66,300
  • Building Size: 8,600SF
  • Lot Size: .46 AC

Investment Highlights

  • Located in the heart of Downtown Monroe, next to busy Kroger Anchored shopping center
  • Across the street from a recently renovated and expanded Kroger Grocery Store and Monroe Shopping Center
  • 5 year lease to on-line learning center, partnered with Michigan education; 19 other locations in Michigan
  • Atm has 5 year lease with options
  • Six bay garage is available for lease - Provides Buyer Upside
  • Fully furnished basement with a separate entrance available for lease - 4,200 Square Feet - Provides Buyer Upside
  • New gas boiler and HVAC replaced in 2013
  • Recently renovated interior