802 E Cloverland Dr | Ironwood, MI 49938
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802 E Cloverland Dr
Ironwood, MI 49938
Retail Property For Sale
INVESTMENT HIGHLIGHTS
- Walgreens has a 30+ year operating history and is signing a new, 15-year absolute NNN lease with 5% rent increases showing their commitment to the loc
- Located at the intersection of US Highway 2, Ironwood’s main thoroughfare, and Lake Street, with traffic counts in excess of nearly 15,000 VPD
- Absolute Net Lease: Allows for a true, passive investment with no management required
- Investors can depreciate the building due to fee simple ownership. Rental increases in initial term and option periods provide a hedge against inflati
PROPERTY FACTS
Property Type
Retail
Property Subtype
Building Size
13,650 SF
Building Class
B
Year Built
2008
Tenancy
Single
Building Height
1 Story
Building FAR
0.27
Lot Size
1.15 AC
Zoning
C-3
Parking
56 Spaces (4.1 Spaces per 1,000 SF Leased)
AMENITIES
- Pylon Sign
- Signage
- Signalized Intersection
- Drive Thru
PROPERTY TAXES
| Parcel Number | 52-14-362-110 | Improvements Assessment | $961,166 |
| Land Assessment | $254,741 | Total Assessment | $1,215,907 |
PROPERTY TAXES
Parcel Number
52-14-362-110
Land Assessment
$254,741
Improvements Assessment
$961,166
Total Assessment
$1,215,907
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