Triple-Net Retail
For Sale
Contact for pricing
1473 South Lapeer Rd, Lapeer, MI 48446
Single-tenant NNN retail property with 14+ years remaining and scheduled 7.5% rent increases every five years.
Property Size1,632 SF
Lot Size1.87 Acres
Days on Market123
Property Features for 1473 South Lapeer Rd
General Information
Standard status
Active
Size
1,632 SF
Lot size
1.87 Acres
Property subtype
Retail
Occupancy
100%
Building Details
Tenancy
Single
Listing Agency:
SURMOUNT
(332) 345-4222
Listed By:
Glen Kunofsky · License #NY 49KU1129178
Source:
Crexi
Added: Apr 10
Changed: Aug 8
Last Checked: Jul 21 at 5:58AM
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 SURMOUNT
Investment Insights
Based on property information with market context.
Marcus & Millichap presents a triple-net (NNN) retail investment featuring a GPM and approximately 1,632 square feet of building space on about 1.87 acres of land.
The property is supported by an initial 15-year lease structure with more than 14 years remaining. Upon close of escrow, the ownership obligations are limited, with absolutely no landlord responsibilities stated in the offering remarks. The lease includes scheduled 7.50% rental increases every five years, continuing through the base term and into the tenant’s six, five-year renewal options.
This is a single-tenant NNN asset designed to provide long-term leased stability under the existing lease terms, including the described annualized rent escalations.
The property is supported by an initial 15-year lease structure with more than 14 years remaining. Upon close of escrow, the ownership obligations are limited, with absolutely no landlord responsibilities stated in the offering remarks. The lease includes scheduled 7.50% rental increases every five years, continuing through the base term and into the tenant’s six, five-year renewal options.
This is a single-tenant NNN asset designed to provide long-term leased stability under the existing lease terms, including the described annualized rent escalations.
Key Highlights
- Single‑tenant NNN retail property at 1473 South Lapeer Road, Lapeer, MI
- 1,632 SF building on approximately 1.87 acres
- More than 14 years remaining on the initial 15‑year triple‑net (NNN) lease
Property Analytics
Property Profile
Current Use
Lease Details
100%
Occupancy
Single-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
20
Businesses Nearby
14k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 100%
Mobil
Shops & Services
12,804 visits/mo
0.1 miles
One Stop
Shops & Services
1,253 visits/mo
0.1 miles
Demographics for 48446, MI
30,788
Population
12,797
Households
2.4
Avg Household Size
45
Median Age
20%
College-Educated
93%
High-School Grad
121.9 sq mi
ZIP Area
253
Density / Sq Mi
$66,382
Median Household Income
$40,263
Median Earnings
$976
Median Rent
$206,300
Median Home Value
Market
Vacancy Rate% for Retail in Midwest region
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Frequently Asked Questions
What type of property is this?
NNN property - Single-tenant NNN retail property with 14+ years remaining and scheduled 7.5% rent increases every five years.
Where is this nnn property located?
The property is located at 1473 South Lapeer Rd Lapeer, MI.
What are key features of this property?
This property features: Single‑tenant NNN retail property at 1473 South Lapeer Road, Lapeer, MI; 1,632 SF building on approximately 1.87 acres; More than 14 years remaining on the initial 15‑year triple‑net (NNN) lease
