Net Lease Investment Property - Bay City, MI

Retail-Commercial for Sale
Catylist Listing ID: 30081058
Property Subtypes: Vehicle Related
Building Size (RSF): 3,578 SF
Gross Land Area: 0.85 Acres
Sale Price: $287,000
Unit Price: $80.21 PSF
Property Use Type: Net Leased Investment (NNN)
Building Name: Ziebart
Sale Terms: Cash to Seller, Purchase Money Mortgage
Cap Rate: 8.0%
Last Updated: 11/9/2017

Overview / Comments

Ziebart single tenant net lease investment.
Five years remain on original lease, plus four five (5) year renewal options.
Corner location on 0.85 acre lot.
Full 2nd floor with customer waiting lounge; kitchen; bathroom; and three private offices.

Attachments & Media

Additional Details

Nearest MSA: Bay City
County: Bay
Taxing Authority: Monitor Township
Tax ID/APN: 100-037-200-610-01
Zoning: COMMERCIAL
Retail Clientele: Business
Property Located Between: southwest corner of S. Euclid & W. Pressler
Property Visibility: Good
Largest Nearby Street: S. Euclid / M13
Feet of Frontage: 133
Site Description: Located at the southwest corner of S. Euclid and W.Pressler.
Tenancy: Single Tenant
Total Number of Buildings: 1
Number of Stories: 1
Typical SF / Floor: 3,002 SF
Property Condition: Average
Year Built: 1940
Year Renovated: 1983
Construction/Siding: Block

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 11,299 54,612 74,336
Median Age: 39.74 39.62 41.05
Households: 4,860 22,820 31,277

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