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Valentina Plaza 1820-1856 N Perry St

32,000 SF 100% Leased Retail Building Pontiac, MI 48340 For Sale

Executive Summary

Valentina Plaza, 31,828 square feet on a 3.99-acre site, represents a prime investment opportunity with its 100% occupancy and reliable tenant base. Constructed in 2009 and diligently maintained, this property is an easy addition to any portfolio. The current base rent averages well below market rent, a figure that illustrates a significant growth potential when compared to the prevailing market rate of $18.83 within the immediate vicinity. Such data underscored by the additional opportunity for an investor to optimize income streams by transitioning existing gross leases to NNN leases and aligning rental rates to meet or exceed current market expectations.This scenario offers a dual advantage: stable, predictable income for investors, and a clear pathway to added value shortly following acquisition. The balance between stability and the potential for growth makes Valentina Plaza a standout option for investors looking to diversify their portfolio with a property that not only promises immediate returns but also offers long-term value driven by insightful management and strategic positioning.
Upside in The Leases - The property offers the opportunity to significantly improve the NOI by converting lease to NNN and eliminating any existing caps on NNN charges
Owner Termination Rights - Fast termination options would allow a buyer to capture new market opportunities in an inexpensive manner

Property Facts

Sale Type
Investment
Property Type
Retail
Property Subtype
Freestanding
Building Size
32,000 SF
Building Class
B
Year Built
2009
Percent Leased
100%
Tenancy
Multiple
Number of Floors
1
Building FAR
0.18
Land Acres
3.99 AC
Opportunity Zone
Yes
Zoning
BI
Parking
65 Spaces (2.03 Spaces per 1,000 SF Leased)
Frontage
541 ft on Perry St

Amenities

  • Signage
  • Tenant Controlled HVAC
  • Air Conditioning

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
14-15-226-007
Land Assessment
£0
Improvements Assessment
£0
Total Assessment
£635,303
  • Listing ID: 33434788

  • Date on Market: 07/10/2024

  • Last Updated:

  • Address: 1820-1856 N Perry St, Pontiac, MI 48340

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