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32406 Franklin Rd
Franklin, MI 48025
United States Postal Service · Specialty Property For Sale
·
1,827 SF
INVESTMENT HIGHLIGHTS
- 1,827 SF Single Tenant Net Lease
- USPO Has Occupied This Building Since 1978
- Incredible Barriers to Relocate (Historical Designation)
- Lease Recently Extended Again For 5 More Years
- Historical Village Of Franklin, MI
- CAM Is Managed Directly By USPO
EXECUTIVE SUMMARY
Fortis Net Lease is pleased to present a prime investment opportunity located at 32406 Franklin Rd, Franklin, MI, 48025. This 1,827 SF building, constructed in 1978, has been
occupied by the US Post Office since construction. The tenant has NO identifiable sites to which they can ever relocate due to the historical designation of Franklin Road.
The common area maintenance (lawn and snow) is managed and paid directly by USPO. The landlord pays for capital replacements and repairs to the premises as well as the
property insurance and real estate taxes (which are then 100% reimbursed by tenant). There are 10% rent bumps in remaining five year options to renew the term. Investing in commercial property on Franklin Road in the Village of Franklin, MI, presents a unique opportunity due to the area's blend of historic charm and strategic location. Franklin is known for its well-preserved 19th-century architecture and a strong sense of community, attracting both residents and visitors seeking a quaint village atmosphere. Franklin Road serves as a central thoroughfare, providing excellent visibility and accessibility for businesses. The limited availability of commercial spaces in this predominantly residential area can lead to higher demand and potential appreciation in property value.
occupied by the US Post Office since construction. The tenant has NO identifiable sites to which they can ever relocate due to the historical designation of Franklin Road.
The common area maintenance (lawn and snow) is managed and paid directly by USPO. The landlord pays for capital replacements and repairs to the premises as well as the
property insurance and real estate taxes (which are then 100% reimbursed by tenant). There are 10% rent bumps in remaining five year options to renew the term. Investing in commercial property on Franklin Road in the Village of Franklin, MI, presents a unique opportunity due to the area's blend of historic charm and strategic location. Franklin is known for its well-preserved 19th-century architecture and a strong sense of community, attracting both residents and visitors seeking a quaint village atmosphere. Franklin Road serves as a central thoroughfare, providing excellent visibility and accessibility for businesses. The limited availability of commercial spaces in this predominantly residential area can lead to higher demand and potential appreciation in property value.
PROPERTY FACTS
| Sale Type | Investment | Lot Size | 0.27 AC |
| Cap Rate | 6% | Building Size | 1,827 SF |
| Property Type | Specialty | No. Stories | 1 |
| Property Subtype | Post Office | Year Built | 1978 |
| Building Class | C | Parking Ratio | 3.28/1,000 SF |
| Zoning | CM - Commercial | ||
| Sale Type | Investment |
| Cap Rate | 6% |
| Property Type | Specialty |
| Property Subtype | Post Office |
| Building Class | C |
| Lot Size | 0.27 AC |
| Building Size | 1,827 SF |
| No. Stories | 1 |
| Year Built | 1978 |
| Parking Ratio | 3.28/1,000 SF |
| Zoning | CM - Commercial |
PROPERTY TAXES
| Parcel Number | 24-06-276-003 | Improvements Assessment | $0 CAD |
| Land Assessment | $0 CAD | Total Assessment | $202,323 CAD |
PROPERTY TAXES
Parcel Number
24-06-276-003
Land Assessment
$0 CAD
Improvements Assessment
$0 CAD
Total Assessment
$202,323 CAD
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