8 Cap Investment Prop. Oil Change Shop

Retail-Commercial for Sale
Catylist Listing ID: 30737350
Property Subtypes: Street Retail, Vehicle Related, Other
Building Size (RSF): 1,080 SF
Gross Building Area: See Agent
Sale Price: $405,000
Unit Price: $375 PSF
Property Use Type: Net Leased Investment (NNN), Investment
Sale Terms: Cash to Seller
Cap Rate: 8.0%
Last Updated: 9/7/2021

Overview / Comments

Rental income is $2,950 per month with full pass through lease. 1 year remains on the current lease and a 5-year lease beginning July 1st, 2022 has been signed. This equals 6 years of income production, totaling $424,800 over the term.

-High exposure with 50 feet of frontage on Drake Rd.
-Long-term tenant
-Owner willing to package sale with 1424 M-89 HWY (with same long-term tenant)

Attachments & Media

Additional Details

Nearest MSA: Kalamazoo-Portage
County: Kalamazoo
Tax ID/APN: 06-19-350-002
Zoning: COMMERCIAL
Tenancy: Single Tenant

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 13,088 70,720 147,340
Median Age: 24.66 31.37 33.85
Households: 6,042 29,580 60,129

Contact

Photograph of Listing Agent

R. Kyle Grooters

Bradley Company CARWM Member
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