13939 Livernois Ave
Detroit, MI 48238
$1,898,000
Photo A Photo B Photo C
Photo D Photo E Photo F
Photo G Photo H Photo I
Cap rate 7.38%. Long term original tenant in place since 1990 over 25 years. Building has original 20 year lease with four 5-yr options with rent bumps. Tenant exercised two options early giving new owner a total of approx. 9.5 years from closing evidencing tenants commitment to this location. The Nearest Rite Aid is approx. 3.04 mi away and Walgreens is approximately 3.07 miles away. Recently exercised 2 extensions early for total of 9.5 years remaining. High density Detroit MSA with population of 440,000 + within 5 miles. Signalized hard corner location with high traffic counts. Extra parking lot space is included in this offering which maybe buildable for another approximately 6000 sf building. NOTE: Property is net leased (NN) with landlord responsible for structure. *Tenant responsible to maintain roof, utilities, maintenance, & property taxes. See offering memorandum and lease for details.

http://www.realestateone.com/217052416
Customer Care
Phone: 248-304-6700
CustomerCare@realestateone.com
www.realestateone.com/217052416
Customer Care
 
Property Details
Status: Active
Listing Date 06/20/2017
County: Wayne
Acreage: 0.62
Lot Dimensions: 263x224x261x224
Price/SqFt: $165
Zoning: Commercial
Current Use: Commercial Retail
Water: Municipal Water
Sub Property Type: Commercial
Possession: At Close
Total Finished SqFt: 11,520
Above Grade Finished SqFt 11,520
Year Built: 1990
Comm. Office Space: 100
Heating: Natural Gas, Packaged Heat/Cool
 
Listing Office: Keller Williams Rlty Northville Mkt Ctr
Office Address: 39500 Orchard Hill Place Ste 100
Listing Number: 217052416
THE ACCURACY OF ALL INFORMATION, REGARDLESS OF SOURCE, IS NOT GUARANTEED OR WARRANTED. ALL INFORMATION SHOULD BE INDEPENDENTLY VERIFIED. Listings last updated: Thursday, October 19, 2017. Some properties that appear for sale on this web site may subsequently have been sold and may no longer be available. The data relating to real estate for sale on this web site appears in part from the IDX programs of our Multiple Listing Service. Real Estate listings held by brokerage firms other than Real Estate One include the name and address of the listing broker where available.
IDX information is provided exclusively for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.