111 Lenawee County Addison MichiganAdrian, MI 49221

Property Details for 111 Lenawee County Addison Michigan

Lot size

1.03 AC

Property size (Sq ft)

5,594 SF

Property type

Retail properties

Property subtype

Other retail properties

Description

This exceptional turnkey opportunity presents a thriving liquor store located in Adrian, Michigan, at 111 Lenawee County, Addison, Michigan, 49221. The property boasts a substantial 5,594 square feet situated on a 1.03-acre lot. The asking price is $350,000, translating to a price per square foot of $62.57. The property operates under a triple net lease (NNN) arrangement with multiple tenants, ensuring a consistent income stream. Currently enjoying 100% occupancy, this investment offers a compelling 13% capitalization rate. Financial records indicate a strong performance, with total gross sales reaching $500,000 annually in 2022. Net income for the year reached $42,109, demonstrating the potential for significant returns, even with absentee ownership and managed by employees. The sale includes the building, the established business, and the valuable liquor license, providing a complete and ready-to-operate package. This is a rare opportunity to acquire a well-established, high-performing retail asset in a desirable location. The property's strong financial performance, coupled with its turnkey nature, makes it an ideal investment for both seasoned and aspiring entrepreneurs seeking a profitable and low-maintenance venture.

Location Insight

City

Adrian

County

Lenawee

State

Michigan

Latitude

41.8852

Longitude

-84.059

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