1399 Center RdBurton, MI 48509

For Sale
$549,000
9,732 SF Retail Building, 7.5% Cap Rate

Overview

Added:
Dec 11, 2024
Days on market:
126
This exceptional 9,732-square-foot standalone retail building in Burton, Michigan, presents a compelling investment opportunity. Located at 1399 S Center Rd, 48509, this property is offered at $549,000, boasting a strong 7.5% capitalization rate and a net operating income (NOI) of $41,175. The building, which underwent a complete renovation, is currently occupied by Noble Appliance, a tenant committed to a five-year lease with a five-year option. This sale-leaseback arrangement provides immediate cash flow and long-term stability for the investor. The asking price translates to $56.41 per square foot, reflecting the property's value and potential. The property is ideally suited for owner-users seeking a prime retail location or investors looking for a secure, high-return investment with a reliable tenant in place. This is a rare opportunity to acquire a fully renovated, high-performing retail space in a desirable Genesee County location. The property's size and location make it an attractive option for a variety of retail businesses. The existing lease provides immediate income and a solid foundation for future growth. This turnkey investment offers a blend of immediate return and long-term potential.

Highlights

  • 9,732 SF freestanding retail building available for sale-leaseback or owner-user.
  • $549,000 purchase price.
  • Seller offering leaseback at a 7.5% cap rate, $7.00/SF.
  • Recently purchased and fully renovated building.
  • Noble Appliance is the current tenant and seller.
  • Seller will sign a 5-year lease with a 5-year option.

Property Details for 1399 Center Rd

Property type
Retail properties, Retail space
Square Feet
9,732 SF

Location Insight

City
Burton
County
Genesee
State
Michigan
Latitude
43.0077927
Longitude
-83.6340532
1399 Center Rd, Burton, Michigan

FAQs

What type of property is this?
Retail property - 9,732 SF Retail Building, 7.5% Cap Rate
Where is the retail property located?
The property is located at 1399 Center Rd Burton, MI.
What is the asking price?
The asking price for this property is $549,000.
What are key features of this property?
This property features: 9,732 SF freestanding retail building available for sale-leaseback or owner-user.; $549,000 purchase price.; Seller offering leaseback at a 7.5% cap rate, $7.00/SF.
How can I contact the broker?
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1399 Center Rd
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