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2020 W Stadium Blvd
Ann Arbor, MI 48103
Retail Property For Sale
Investment Highlights
- Absolute NNN lease provides a passive investment.
- Contractual 1.0% annual rent increases provide consistent income growth.
- The property is occupied by 7-Eleven (Speedway), one of the largest convenience store operators in North America.
- Long-term lease runs through December 31, 2040.
- The property generates $299,899 in annual Net Operating Income.
- The asset is positioned along a primary commercial corridor.
Executive Summary
Fortis Net Lease is pleased to present the opportunity to acquire a single-tenant 7-Eleven (Speedway) convenience store located at 2020 W Stadium Boulevard in Ann Arbor, Michigan. The property consists of a 2,334-square-foot retail building situated on 0.79 acres and is secured by an Absolute NNN lease, providing investors with a truly passive ownership structure with no landlord responsibilities.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Convenience Store
Building Size
2,334 SF
Building Class
C
Year Built
1999
Price
$7,903,623 CAD
Price Per SF
$3,386.30 CAD
Cap Rate
5.25%
NOI
$414,940 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.07
Lot Size
0.79 AC
Zoning
C2B
Parking
10 Spaces (4.19 Spaces per 1,000 SF Leased)
Frontage
Amenities
- Corner Lot
- Signage
- Signalized Intersection
Property Taxes
| Parcel Number | 09-31-212-003 | Improvements Assessment | $0 CAD |
| Land Assessment | $0 CAD | Total Assessment | $1,448,629 CAD |
Property Taxes
Parcel Number
09-31-212-003
Land Assessment
$0 CAD
Improvements Assessment
$0 CAD
Total Assessment
$1,448,629 CAD
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