Active
28735 Gratiot Ave
28735 Gratiot Ave Roseville, MI 48066
Overview
An excellent investment opportunity located in the shadow of a Walmart shopping center on the highly travelled Gratiot Ave corridor. This asset boasts an attractive 10 year NNN lease with an expanding franchisee of LaundroLab. LaundroLab currently operates in 13 states, with 16 operating locations and 10 new locations opening soon.
Location Description
Located on the west side of Gratiot Ave just south of 12 Mile Rd in Roseville, MI.
Highlights
7.5% CAP rate at ask price
NOI = $66,690
10 year NNN lease - term commenced 1/28/24
2% annual rent increases
Two (2) five (5) year options to extend
Landlord responsible to keep and maintain parking lot, HVAC, foundation, and roof
For Sale
Retail
Secondary Uses: Free Standing
- Sale Price
- $895,000
- Price Per SF
- $174.5/SF
- Building Size
- 5,130 SF
- Acres
- 0.345 ac
- Zoning
- B-3
- Number of Buildings
- 1
- Floors
- 1
- Year Built
- 1965
- Construction Siding
- Brick
- Construction Type
- Masonry
- Submarket
- Macomb East
- Property Status
- Existing
- Lot Size
- 125' x 120'
- County
- Macomb
- Created
- 2024-10-24
- Updated
- 2024-10-24
- Listing ID
- 7fc3d7ed
- Parcel APN
- 08-14-17-231-025