1380 Wright Ave
This feature is unavailable at the moment.
We apologize, but the feature you are trying to access is currently unavailable. We are aware of this issue and our team is working hard to resolve the matter.
Please check back in a few minutes. We apologize for the inconvenience.
- LoopNet Team
thank you
Your email has been sent!
1380 Wright Ave
1,866 SF 100% Leased Retail Building Alma, MI 48801 £546,933 (£293/SF) 6.02% Net Initial Yield
Investment Highlights
- Busiest Corner in Gratiot County with approximately 15,000 cars per day
- NNN Lease
- Two long-term tenants with scheduled increases to benefit property owner
Executive Summary
Prime Investment Opportunity: Commercial Property with Triple Net Leases
Investors, take note of this exceptional opportunity to own a commercial property with secure, long-term income from two established tenants. This low-maintenance investment generates over $42,000 annually, with both tenants on triple net (NNN) leases, minimizing landlord responsibilities to only the structural portions of the roof, exterior, and load-bearing walls.
Property Highlights:
1. Tenant 1: Quick-Service Pizza Restaurant & Fast-Food Delivery
Lease Details: In place through 2028, with options to renew, ensuring consistent and reliable rental income.
Income: $30,000 per year with scheduled rent increases, adding future value.
Business: Thriving quick-service model with steady foot traffic and delivery operations, a staple in the local community.
2. Tenant 2: Digital Advertising Company
Lease Details: A remarkable 40-year lease, guaranteeing income security for decades. The digital advertising sign features continuous scrolling marketing, driving high visibility for local businesses.
Income: $12,000 per year with scheduled increases, further boosting long-term revenue potential.
Signage: Strategically positioned to maximize exposure, benefiting from consistent demand for advertising space.
This commercial property offers an ideal investment for buyers seeking a solid return with minimal management demands on the busiest corner in all of Gratiot County. With long-term leases and built-in rent escalations, it promises stable cash flow and appreciation potential. Don’t miss this chance to add a high-yield, hassle-free asset to your portfolio!
Contact us today for more details and to schedule a viewing.
Investors, take note of this exceptional opportunity to own a commercial property with secure, long-term income from two established tenants. This low-maintenance investment generates over $42,000 annually, with both tenants on triple net (NNN) leases, minimizing landlord responsibilities to only the structural portions of the roof, exterior, and load-bearing walls.
Property Highlights:
1. Tenant 1: Quick-Service Pizza Restaurant & Fast-Food Delivery
Lease Details: In place through 2028, with options to renew, ensuring consistent and reliable rental income.
Income: $30,000 per year with scheduled rent increases, adding future value.
Business: Thriving quick-service model with steady foot traffic and delivery operations, a staple in the local community.
2. Tenant 2: Digital Advertising Company
Lease Details: A remarkable 40-year lease, guaranteeing income security for decades. The digital advertising sign features continuous scrolling marketing, driving high visibility for local businesses.
Income: $12,000 per year with scheduled increases, further boosting long-term revenue potential.
Signage: Strategically positioned to maximize exposure, benefiting from consistent demand for advertising space.
This commercial property offers an ideal investment for buyers seeking a solid return with minimal management demands on the busiest corner in all of Gratiot County. With long-term leases and built-in rent escalations, it promises stable cash flow and appreciation potential. Don’t miss this chance to add a high-yield, hassle-free asset to your portfolio!
Contact us today for more details and to schedule a viewing.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
1,866 SF
Building Class
B
Year Built
1980
Price
£546,933
Price Per SF
£293
Net Initial Yield
6.02%
NOI
£32,925
Percent Leased
100%
Tenancy
Multiple
Number of Floors
1
Building FAR
0.08
Lot Size
0.56 AC
Opportunity Zone
Yes
Parking
32 Spaces (17.15 Spaces per 1,000 SF Leased)
Frontage
Amenities
- Corner Lot
- Restaurant
- Signage
- Tenant Controlled HVAC
- Drive Thru
- Car Charging Station
MAJOR TENANTS Click Here to Access
- Tenant
- Industry
- SF OCCUPIED
- RENT/SF
- Lease Type
- Lease End
- Crossroads Digital Outdoor, LLC
- Information
-
99,999 SF
- -
-
Lorem Ipsum
- -
-
- Accommodation and Food Services
-
99,999 SF
- -
-
Lorem Ipsum
- -
Domino’s came from humble beginnings in 1960, with just one store. Now, as one of the largest pizza companies in the world, Domino’s proudly continues its legacy of delivering great-tasting pizza to customers’ doors. As the largest pizza company in the world, Domino’s is dedicated to making, baking, and delivering mouthwatering pizza to households across the U.S. and world.
| Tenant | Industry | SF OCCUPIED | RENT/SF | Lease Type | Lease End | |
| Crossroads Digital Outdoor, LLC | Information | 99,999 SF | - | Lorem Ipsum | - | |
|
|
Accommodation and Food Services | 99,999 SF | - | Lorem Ipsum | - |
Nearby Major Retailers
PROPERTY TAXES
| Parcel Number | 51-341-013-30 | Improvements Assessment | £0 |
| Land Assessment | £0 | Total Assessment | £123,079 |
PROPERTY TAXES
Parcel Number
51-341-013-30
Land Assessment
£0
Improvements Assessment
£0
Total Assessment
£123,079
1 of 55
VIDEOS
3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
Presented by
43 NORTH REALTY
1380 Wright Ave
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.