MI > Alma > Alma
Alma, MI 48801,1380 Wright Avenue
Alma, MI 48801,1380 Wright Avenue
Alma, MI 48801,1380 Wright Avenue
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$699,000
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1,866 SqFt
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1380 Wright Avenue Alma, MI 48801

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Chris Buckely

Chris Buckely

+1(312) 313-5553

UPDATED:

Key Details

Property Type Commercial

Sub Type Industrial

Listing Status Active

Purchase Type For Sale

Square Footage 1,866 sqft

Price per Sqft $374

Municipality Alma

Subdivision Alma

MLS Listing ID 80052171

Year Built 1980

Lot Size 0.560 Acres

Acres 0.56

Property Sub-Type Industrial

Source MiRealSource

Property Description

Prime Investment Opportunity: Commercial Property with Triple Net Leases Investors, take note of this exceptional opportunity to own a commercial property with secure, long-term income from two established tenants. This low-maintenance investment generates over $42,000 annually, with both tenants on triple net (NNN) leases, minimizing landlord responsibilities to only the structural portions of the roof, exterior, and load-bearing walls. Property Highlights: 1. Tenant 1: Quick-Service Pizza Restaurant & Fast-Food Delivery Lease Details: In place through 2028, with options to renew, ensuring consistent and reliable rental income. Income: $30,000 per year with scheduled rent increases, adding future value. Business: Thriving quick-service model with steady foot traffic and delivery operation

Location

State MI

County Gratiot

Zoning Commercial

Interior

Heating Forced Air

Exterior

View Y/N No

Building

Sewer Public

Structure Type Brick

Listed by 43 NORTH REALTY

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agent

Chris Buckely

IL/IN/MI Managing Broker | License ID: IN- RB17001753 | IL- 477013311

+1(312) 313-5553

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1380 Wright Avenue

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