1380 Wright AveAlma, MI 48801

Property Details for 1380 Wright Ave

Lot size

0.56 AC

Property type

Commercial real estate

APN

51-341-013-30

APU

5134101330

Description

This exceptional Alma, MI commercial property presents a prime investment opportunity, boasting 1,866 square feet on a 0.56-acre lot. The property generates over $42,000 in annual income from two established tenants under triple net (NNN) leases, minimizing landlord responsibilities to structural roof, exterior, and load-bearing walls. One tenant, a thriving quick-service pizza restaurant and fast-food delivery operation, holds a lease extending through 2028 with renewal options, contributing $30,000 annually with scheduled rent increases. The second tenant, a digital advertising company, occupies the property under a remarkable 40-year lease, providing consistent income of $12,000 per year, also subject to scheduled rent increases. Their strategically positioned digital advertising sign ensures high visibility for local businesses. This property offers a secure, long-term investment with built-in rent escalations, promising stable cash flow and significant appreciation potential. The low-maintenance nature of the NNN leases makes this an ideal asset for investors seeking a hassle-free, high-yield addition to their portfolio. The property is located at 1380 Wright, Alma, MI and is priced at $699,000.

Location Insight

City

Alma

County

Gratiot

State

Michigan

Latitude

43.3913

Longitude

-84.6662

CBSA code

10940

CBSA name

ALMA, MI MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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