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930 S 11th St
Niles, MI 49120
Retail Property For Sale
Investment Highlights
- 2022 Build to Suit for WellNow Urgent Care - Original 10 Year Lease with 7.5 Years Remaining
- Eight Percent Rental Increases Every 5 Years and in the Option Periods
- Strong Access and Visibility on Heavily Traveled 11th Street in Niles
- Limited Landlord Responsibilities - NN+ Lease Structure
- Located in the Heart of Nile's Dominant Retail Corridor
- Premier Southwest Michigan Community
Executive Summary
2022 Build to Suit for WellNow Urgent Care - Original 10 Year Lease with 7.5 Years Remaining
Limited Landlord Responsibilities - NN+ Lease Structure
Eight Percent Rental Increases Every 5 Years and in the Option Periods
Located in the Heart of Nile's Dominant Retail Corridor
Strong Access and Visibility on Heavily Traveled 11th Street in Niles
Premier Southwest Michigan Community
WellNow Urgent Care operates over 220 locations across New York, Illinois, Ohio, Wisconsin, Indiana, Pennsylvania, and Michigan, Bringing Accessible and High-Quality Healthcare to Communities throughout these States.
Surrounding Tenants include Martins Supermarket, Walgreen's, Goodwill, Advance Auto Parts, Starbucks, McDonalds, WingStop, Firehouse Subs and More
Limited Landlord Responsibilities - NN+ Lease Structure
Eight Percent Rental Increases Every 5 Years and in the Option Periods
Located in the Heart of Nile's Dominant Retail Corridor
Strong Access and Visibility on Heavily Traveled 11th Street in Niles
Premier Southwest Michigan Community
WellNow Urgent Care operates over 220 locations across New York, Illinois, Ohio, Wisconsin, Indiana, Pennsylvania, and Michigan, Bringing Accessible and High-Quality Healthcare to Communities throughout these States.
Surrounding Tenants include Martins Supermarket, Walgreen's, Goodwill, Advance Auto Parts, Starbucks, McDonalds, WingStop, Firehouse Subs and More
Property Facts
Sale Type
Investment
Property Type
Retail
Building Size
3,500 SF
Building Class
B
Year Built
2022
Price
$2,687,007 CAD
Price Per SF
$767.72 CAD
Cap Rate
7%
NOI
$188,091 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.05
Lot Size
1.56 AC
Zoning
RC
Frontage
495’ on 11th St
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