1380 Wright Avenue, Alma, MI 48801

bathrooms 2
|Other
THB ฿23,574,124
USD $699,000
Published on: 06 Nov 2024
Last updated on: 15 Jan 2025
1380 Wright Avenue, Alma, MI 48801
1380 Wright Avenue, Alma, MI 48801
1380 Wright Avenue, Alma, MI 48801
+54
1380 Wright Avenue, Alma, MI 48801
  • 54
Property ID: 110095570980
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Restaurant/Food Service - Alma, MI

1380 Wright Avenue, Alma, MI 48801
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. 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 your Realtor for more details and to schedule a viewing.

Property Details

Basic Info

Property Type
Other
Listing Status
Active
Land Size
2,266.24 m2
Building Size
173.36 m2
Year Built
1980
Rooms
2 bathroom(s)
Architecture Style
Other
County
Gratiot
Provider
Northern Great Lakes Realtors MLS
Brokerage Office Name
43 NORTH REALTY
Brokerage Office Phone
989-463-1219
Address
1380 Wright Avenue, Alma, MI 48801
Contact Agent
Micah Kemler
43 NORTH REALTY
202 E Superior Street, Alma, MI 48801
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Micah Kemler
202 E Superior Street, Alma, MI 48801
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      Property ID: 110095570980

      Data provided by Northern Great Lakes Realtors MLS, MLS #: 1928737
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