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Noble Appliance 10400 Highland Rd 77,000 SF Retail Building Hartland, MI 48353 $9,655,170 CAD ($125.39 CAD/SF) 9% Cap Rate
Investment Highlights
- Noble Appliance Center Sale Leaseback Opportunity
Executive Summary
77,000 SF Noble Appliance Center Sale Leaseback Opportunity
Purchase Price: $6,900,000.00
Seller purchased approximately half of an old Walmart attached to a Rural King
Property is located on the SE corner of US 23 and Highland Road
Price is representative of a $8.00/SF NNN lease at a 9% cap rate
Parcel has been split and building completely upgraded
Purchase Price: $6,900,000.00
Seller purchased approximately half of an old Walmart attached to a Rural King
Property is located on the SE corner of US 23 and Highland Road
Price is representative of a $8.00/SF NNN lease at a 9% cap rate
Parcel has been split and building completely upgraded
Property Facts
Sale Type
Investment
Sale Condition
Sale Leaseback
Property Type
Retail
Property Subtype
Storefront
Building Size
77,000 SF
Building Class
B
Year Built
2009
Price
$9,655,170 CAD
Price Per SF
$125.39 CAD
Cap Rate
9%
NOI
$868,965 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.07
Lot Size
26.96 AC
Zoning
C - Commercial
Parking
712 Spaces (9.25 Spaces per 1,000 SF Leased)
Frontage
659’ on Highland Road
Amenities
- Air Conditioning
Somewhat walkable
30/100
Exceptionally drivable
100/100
Somewhat bikeable
20/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 08-28-200-027 | Improvements Assessment | $0 CAD |
| Land Assessment | $0 CAD | Total Assessment | $4,395,186 CAD |
Property Taxes
Parcel Number
08-28-200-027
Land Assessment
$0 CAD
Improvements Assessment
$0 CAD
Total Assessment
$4,395,186 CAD
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Noble Appliance | 10400 Highland Rd
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