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Huntington National Bank 1318 E Bristol Rd 1,903 SF 100% Leased Retail Building Burton, MI 48529 $1,785,155 CAD ($938.07 CAD/SF) 5.50% Cap Rate
Investment Highlights
- Brand New 10Year Absolute NNN Lease - New lease commencing September 1, 2026
- True Passive Income Absolute NNN - Tenant is responsible for roof, structure, HVAC, taxes, insurance, and CAM, eliminating operational risk
- High-Visibility Location with Strong Traffic Counts - Positioned along Bristol Road with 22,000 VPD and immediate proximity to I475 with 45,000 VPD
- Long – Term Tenant Occupancy – Tenant has occupied the location for over 45 Years
- Built-In Rent Growth - Attractive 10% rent increase in the extended term along with multiple renewal options, providing long-term income upside
- Surrounded by national and regional retailers including Kroger, Dollar General, McDonald’s, Tim Hortons, and others, supporting strong consumers
Executive Summary
Single Tenant Huntington National Bank - Tenant has Occupied the Subject Location for 45+ Years. Brand New 10-Year Lease Renewal.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Bank
Building Size
1,903 SF
Building Class
B
Year Built
1972
Price
$1,785,155 CAD
Price Per SF
$938.07 CAD
Cap Rate
5.50%
NOI
$98,184 CAD
Percent Leased
100%
Building Height
1 Story
Building FAR
0.05
Lot Size
0.86 AC
Zoning
M-1
Parking
33 Spaces (17.34 Spaces per 1,000 SF Leased)
Frontage
Fairly walkable
50/100
Exceptionally drivable
100/100
Minimal public transit
10/100
Somewhat bikeable
30/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 59-31-200-001 | Improvements Assessment | $0 CAD |
| Land Assessment | $0 CAD | Total Assessment | $196,094 CAD |
Property Taxes
Parcel Number
59-31-200-001
Land Assessment
$0 CAD
Improvements Assessment
$0 CAD
Total Assessment
$196,094 CAD
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Huntington National Bank | 1318 E Bristol Rd
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