Public School Lease-Backed
For Sale
Contact for pricing
21800 John R Rd, Hazel Park, MI 48030
Public school property with 2017 roof and A/C upgrades and a recently remodeled interior under an excellent credit lease.
Property SizeContact for details
Days on Market123
Property Features for 21800 John R Rd
General Information
Standard status
Active
Property subtype
Office
Building Details
Year Renovated
2017
Listing Agency:
Samantha C
Listed By:
Samantha C · License #MI
Source:
Crexi
Added: Apr 11
Changed: Aug 8
Last Checked: Jul 23 at 2:24PM
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 Samantha C
Investment Insights
Based on property information with market context.
This property is leased to a public school and is presented as a pride-of-ownership facility with multiple 2017 upgrades, including new A/C and a new roof, along with a completely remodeled interior. The offering is supported by an excellent tenant credit profile and more than $13 million in cash reserves.
The lease commenced on 6/1/2017 and is scheduled through 7/1/2022. The agreement includes 2 to 5 year options, with a 7% rent increase in the option years.
The building has been maintained and improved with recent capital replacements and interior remodeling, positioning it as a stable, school-leased asset.
The lease commenced on 6/1/2017 and is scheduled through 7/1/2022. The agreement includes 2 to 5 year options, with a 7% rent increase in the option years.
The building has been maintained and improved with recent capital replacements and interior remodeling, positioning it as a stable, school-leased asset.
Key Highlights
- Excellent credit tenant with more than $13 million in cash reserves
- Public school property with school guarantee
- First year rent of $57,057; lease start 6/1/2017 and lease through 7/1/2022
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
688
Businesses Nearby
Explore this area
Business Placement
Demographics for 48030, MI
14,983
Population
7,149
Households
2.1
Avg Household Size
38
Median Age
25%
College-Educated
90%
High-School Grad
2.8 sq mi
ZIP Area
5,351
Density / Sq Mi
$62,878
Median Household Income
$42,374
Median Earnings
$1,221
Median Rent
$141,200
Median Home Value
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Frequently Asked Questions
What type of property is this?
School - Public school property with 2017 roof and A/C upgrades and a recently remodeled interior under an excellent credit lease.
Where is this school located?
The property is located at 21800 John R Rd Hazel Park, MI.
What are key features of this property?
This property features: Excellent credit tenant with more than $13 million in cash reserves; Public school property with school guarantee; First year rent of $57,057; lease start 6/1/2017 and lease through 7/1/2022
