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$699,000
Est. payment /mo
1,866 SqFt
Active
1380 Wright Avenue Alma, MI 48801
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Key Details
Property Type Commercial
Sub Type Industrial
Listing Status Active
Purchase Type For Sale
Square Footage 1,866 sqft
Price per Sqft $374
Municipality Alma
Subdivision Alma
MLS Listing ID 80052171
Originating Board MiRealSource
Year Built 1980
Lot Size 0.560 Acres
Acres 0.56
Property Sub-Type 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 operation
Location
State MI
County Gratiot
Zoning Commercial
Interior
Heating Forced Air
Exterior
View Y/N No
Building
Sewer Public
Structure Type Brick
Listed by 43 NORTH REALTY