MI > Alma > Mi
Alma, MI 48801,1380 Wright Avenue
Alma, MI 48801,1380 Wright Avenue
Alma, MI 48801,1380 Wright Avenue
Alma, MI 48801,1380 Wright Avenue
Alma, MI 48801,1380 Wright Avenue
Alma, MI 48801,1380 Wright Avenue
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Shawn Murphy, GRI, SRES

Shawn Murphy, GRI, SRES

+1(888) 983-2544
$ 699,000
Est. payment | /mo

1,866 SqFt

Save
$ 699,000
Est. payment | /mo
Save

1,866 SqFt

Key Details

Property Type Commercial

Sub Type Commercial/Industrial

Listing Status Active

Purchase Type For Sale

Square Footage 1,866 sqft

Price per Sqft $374

Subdivision Mi

MLS Listing ID 80052171

Year Built 1980

Annual Tax Amount $8,667

Lot Size 0.560 Acres

Acres 0.56

Lot Dimensions 140 x 175

Property Sub-Type Commercial/Industrial

Property Description

Prime Investment Opportunity: Commercial Property with Triple Net Leases Investors, take note of this exceptional opportunity to own a commercial property with secure, long-term income from two established tenants. This low-maintenance investment generates over $42,000 annually, with both tenants on triple net (NNN) leases, minimizing landlord responsibilities to only the structural portions of the roof, exterior, and load-bearing walls. Property Highlights: 1. Tenant 1: Quick-Service Pizza Restaurant & Fast-Food Delivery Lease Details: In place through 2028, with options to renew, ensuring consistent and reliable rental income. Income: $30,000 per year with scheduled rent increases, adding future value. Business: Thriving quick-service model with steady foot traffic and delivery operations, a staple in the local community. 2. Tenant 2: Digital Advertising Company Lease Details: A remarkable 40-year lease, guaranteeing income security for decades. The digital advertising sign features continuous scrolling marketing, driving high visibility for local businesses. Income: $12,000 per year with scheduled increases, further boosting long-term revenue potential. Signage: Strategically positioned to maximize exposure, benefiting from consistent demand for advertising space. This commercial property offers an ideal investment for buyers seeking a solid return with minimal management demands. With long-term leases and built-in rent escalations, it promises stable cash flow and appreciation potential. Don’t miss this chance to add a high-yield, hassle-free asset to your portfolio! Contact your Realtor for more details and to schedule a viewing.

Location

State MI

County Gratiot

Area Alma (29017)

Zoning Commercial

Interior

Heating Forced Air

Exterior

Parking Features 21+ Spaces, Parking Lot

Roof Type Asphalt

Building

Foundation Slab

Water Public Water

Structure Type Brick,Frame

Others

Ownership Corporation

Energy Description Natural Gas

Financing Cash,Conventional,Exchange/Trade

MiRealSource (MI RealSource (Lenawee /Saginaw/SE-Border/Gr Shiawassee/Upper Peninsula)
Provided through IDX via MiRealSource. Courtesy of MiRealSource Shareholder. Copyright MiRealSource.
Listed by 43 NORTH REALTY
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"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(888) 983-2544

srmurphy@ferndalerealty.com

6230 Highway 65 NE, Minneapolis, MN, 55432, USA

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1380 Wright Avenue