Single-Tenant NNN
New
For Sale
$1,100,000
12345 Delta Street, Taylor, MI 48180
The building is fully occupied under a net lease with 3% annual increases.
Property Size12,360 SF
Price / SF$88
Days on Market5
Property Features for 12345 Delta Street
General Information
Standard status
Active
Size
12,360 SF
Property subtype
Industrial
Occupancy
100%
Building Details
Building Size
12,360 SF
Tenancy
Single
Listed By:
Geoff Meekhoff
(616) 262-0538
Source:
Cbre
Added: Oct 2
Changed: Oct 3
Last Checked: Oct 5 at 3:45PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Geoff Meekhoff
Investment Insights
Based on property information with market context.
This 12,360-square-foot property in Taylor, Michigan, is fully occupied by a single tenant under an NNN lease. Lease terms include 3% annual increases, a 4% management fee and three five-year options.
The property is within Metro Telegraph Industrial Park, an area with manufacturing, logistics, distribution and service businesses.
The property is within Metro Telegraph Industrial Park, an area with manufacturing, logistics, distribution and service businesses.
Key Highlights
- 12,360‑square‑foot, fully occupied single‑tenant property
- NNN lease with 3% annual increases
- Three 5‑year options
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$63,989
Cap Rate
5.82%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,279,780
$1.3M
Cap Rate 7%
$914,129
$914.1K
Cap Rate 9%
$710,989
$711.0K
Market Conditions
NOI Build-Up for 12,360 SF
Gross rent
$94.9K $7.68/SF
− Vacancy
−$3.5K −$0.28/SF
EGI
$91.4K $7.40/SF
− OpEx
−$27.4K −$2.22/SF
NOI
$64.0K $5.18/SF
Area
Wayne County, MI
Vacancy
3.70%
Lease Rate
$7.68 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,279,780
Cap Rate 7%
$914,129
Cap Rate 9%
$710,989
Alternative Uses
Best Use
Industrial
$914.1K
$799.9K – $1.07M
NOI $63,989 @ 7.0% cap · market cap 5.82%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$2.29M
$2.00M – $2.67M
NOI $160,186 @ 7.0% cap · market cap 14.56%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
100%
Occupancy
Single-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
343
Businesses Nearby
Explore this area
Business Placement
Demographics for 48180, MI
63,409
Population
26,741
Households
2.4
Avg Household Size
39
Median Age
16%
College-Educated
87%
High-School Grad
23.6 sq mi
ZIP Area
2,687
Density / Sq Mi
$59,537
Median Household Income
$40,090
Median Earnings
$1,036
Median Rent
$141,200
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Industrial in Midwest region
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Frequently Asked Questions
What type of property is this?
NNN property - The building is fully occupied under a net lease with 3% annual increases.
Where is this nnn property located?
The property is located at 12345 Delta Street Taylor, MI.
What is the asking price?
The asking price for this property is $1,100,000.
What are key features of this property?
This property features: 12,360‑square‑foot, fully occupied single‑tenant property; NNN lease with 3% annual increases; Three 5‑year options
