Log In/Sign Up
Your email has been sent.
Heritage Funeral Home 205 N Elizabeth St 3,256 SF Retail Building Bellevue, MI 49021 $578,672 CAD ($177.72 CAD/SF) 7.75% Cap Rate
Investment Highlights
- Strong Corporate Guarantee
- Annual Rent Increases
- Proximity to Major Interstate
- Robust Unit - Level Performance
- Strong Academic Presence
- Affluent Community
Executive Summary
Surmount is pleased to present the exclusive listing for a Heritage located at 205 N. Elizabeth Street, Bellevue, MI 49021. The site consists of roughly 3,256 rentable square feet of building space on an estimated .32-acre parcel of land. Heritage is subject to a 20-year Triple Net (NNN) lease, which commenced 12/29/2021. The current annual rent is $31,841 and has scheduled increases of 1.50% Annually.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Funeral Home
Building Size
3,256 SF
Building Class
C
Year Built
2010
Price
$578,672 CAD
Price Per SF
$177.72 CAD
Cap Rate
7.75%
NOI
$44,848 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.23
Lot Size
0.32 AC
Parking
3 Spaces (0.92 Spaces per 1,000 SF Leased)
Frontage
Fairly walkable
50/100
Very drivable
80/100
Somewhat bikeable
30/100
Property Taxes
| Parcel Number | 131-000-039-009-00 | Improvements Assessment | $202,768 CAD |
| Land Assessment | $6,876 CAD | Total Assessment | $209,644 CAD |
Property Taxes
Parcel Number
131-000-039-009-00
Land Assessment
$6,876 CAD
Improvements Assessment
$202,768 CAD
Total Assessment
$209,644 CAD
Contacts
-
Glen Kunofsky -
Alexandre Marietto -
Kyle Karsian -
Joseph Kelly -
Christopher Marks -
Surmount
1 of 3
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
Presented by
Heritage Funeral Home | 205 N Elizabeth St
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.