1380 Wright Ave
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1380 Wright Ave
1,866 SF 100% Leased Retail Building Alma, MI 48801 $990,812 CAD ($531 CAD/SF) 6.02% Cap Rate
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
$990,812 CAD
Price Per SF
$531 CAD
Cap Rate
6.02%
NOI
$59,647 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.08
Land Acres
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
- -
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Lorem Ipsum
- -
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- 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 | - |
PROPERTY TAXES
| Parcel Number | 51-341-013-30 | Improvements Assessment | $0 CAD |
| Land Assessment | $0 CAD | Total Assessment | $220,956 CAD |
PROPERTY TAXES
Parcel Number
51-341-013-30
Land Assessment
$0 CAD
Improvements Assessment
$0 CAD
Total Assessment
$220,956 CAD
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1380 Wright Ave
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