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NNN Leased Investment 4364 W North Down River Rd 20,752 SF Industrial Building Grayling, MI 49738 $1,115,340 CAD ($53.75 CAD/SF) 7% Cap Rate
INVESTMENT HIGHLIGHTS
- 7% Cap rate
- NNN Lease
- Site size allows for expansion
- nearly 5 year lease plus 3 year extension
- Underutilized space provides significant upside potential
EXECUTIVE SUMMARY
Current long-term tenant with nearly 5 years remaining on existing Lease and a 3 year option to renew. Tenant is one of the largest door manufacturers in the United States. Tenant pays taxes and insurance. Total SF is 21,102 SF. Primary building is 18,350 SF, Building 2 is 1,920 SF, Building 3 is 832 SF. There is 660 SF of office space. The yard is fenced. Main building has two 10' x 12' Overhead doors. Property is zoned C-2. There is 440V 3 phase power.
PROPERTY FACTS
AMENITIES
- Fenced Lot
UTILITIES
- Gas
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PROPERTY TAXES
| Parcel Number | 040-41-005-16-020-00 | Improvements Assessment | $277,330 CAD |
| Land Assessment | $32,602 CAD | Total Assessment | $309,932 CAD |
PROPERTY TAXES
Parcel Number
040-41-005-16-020-00
Land Assessment
$32,602 CAD
Improvements Assessment
$277,330 CAD
Total Assessment
$309,932 CAD
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NNN Leased Investment | 4364 W North Down River Rd
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