Catylist ID: #30527952
Tutor Time - Single Tenant NNN
Retail-Commercial for SaleAlso listed as Special Purpose
|Catylist Listing ID:||30527952|
|Property Subtypes:||Day Care Facility, Free-Standing Building, Other|
|Building Size (RSF):||10,010 SF|
|Gross Building Area:||See Agent|
|Gross Land Area:||2.53 Acres|
|Unit Price:||$249.75 PSF|
|Property Use Type:||Net Leased Investment (NNN)|
|Building Name:||Tutor Time|
|Sale Terms:||Undisclosed, Cash to Seller, Purchase Money Mortgage|
Overview / Comments
NAI Wisinski is pleased to present to the market this Tutor Time Single Tenant NNN investment - located in Cascade Township a high demographic suburb of Grand Rapids, MI.
Tutor Time has just renewed a corporate guaranteed lease for 7 additional years, with yearly increases of 1.16%. There are also 2 additional 5 year options with CPI based increases. The Landlord has just contributed $75,000 toward new tenant improvements on the property.
This site consists of 2.53 acres leaving room for expansion or additional parking if needed. Great location that would lend itself to other future uses.
This investment is perfect for a 1031 Buyer or investor who wants minimal landlord responsibility or management.
|Nearest MSA:||Grand Rapids-Kentwood|
|Submarket/Township:||28th Street Southeast|
|Taxing Authority:||Cascade Township|
|Retail Clientele:||General, Other|
|Property Located Between:||28th St SE and Cascade Rd|
|Largest Nearby Street:||28th St|
|Total Number of Buildings:||1|
|Number of Stories:||1|
|Proximity:||1 mile||3 miles||5 miles|
|The information presented herein is provided as is, without warranty of any kind. Neither Commercial Alliance of REALTORS West Michigan nor Catylist Real Estate Software, Inc. assume any liability for errors or omissions.|