3652 E Grand River Ave
Howell, MI
Price:
$3973000
Cap Rate:
6.50%
NOI:
$258,246
Building Size:
Approx. 19101 Sq. Ft.
Lot Size:
Approx. 2.71 Acres
Type:
Single-Tenant / Retail
Investment Overview
- 19,101+/- SF Building on 2.71+/- Acre Site
- 11-Year Corp Lease w/ 12% Rent Bump Year 7
- Located along Grand River Ave (26K VPD), N of I-96 (64K VPD)
- Adjacent to Cleary University, Meijer, Walmart, Home Depot, BP
- Grand River Plaza (220,774 S.F) | Livingston Commons (369,737 S.F)
- Downtown Howell was nominated “Best Main Street” – U.S.A Today
- Local Events: Fantasy Lights | Melon Festival (50K Visitors/Year)
- Employers: Tribar | Pepsico | Citizens Insurance | ThaiSummit
- Howell is located 46-Miles Northwest of Downtown Detroit, IL
- 3-Mile Radius: Est Pop: 22,186 l Average HH Income: $91,333
- Metro Detroit (MSA) | One of the nation’s largest economies