Triple-Net Specialty
For Sale
Contact for pricing
1491 N Leroy, Fenton, MI 48430
Specialty NNN building with 14+ years remaining on a triple-net lease and scheduled 7.50% increases every five years.
Property Size9,110 SF
Lot Size1.29 Acres
Days on Market122
Property Features for 1491 N Leroy
General Information
Standard status
Active
Size
9,110 SF
Lot size
1.29 Acres
Property subtype
Retail
Listing Agency:
SURMOUNT
(332) 345-4222
Listed By:
Glen Kunofsky · License #NY 49KU1129178
Source:
Crexi
Added: Apr 10
Changed: Aug 8
Last Checked: Jul 22 at 6:48AM
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 this exclusive listing for a GPM located at 1491 North Leroy St in Fenton, MI. The property includes a specialty building totaling 9,110 square feet on approximately 1.29 acres of land and is offered as a triple-net investment.
The lease has more than 14 years remaining on the initial 15-year term, with absolutely no landlord responsibilities upon close of escrow. The lease provides for 7.50% rental increases every five years, continuing through the base term and into the tenant’s six, five-year renewal options.
The lease has more than 14 years remaining on the initial 15-year term, with absolutely no landlord responsibilities upon close of escrow. The lease provides for 7.50% rental increases every five years, continuing through the base term and into the tenant’s six, five-year renewal options.
Key Highlights
- 9,110 SF specialty building on approx. 1.29 acres at 1491 North Leroy St, Fenton, MI
- Triple‑net (NNN) lease with more than 14 years remaining on the initial 15‑year term
- Tenant has no landlord responsibilities upon close of escrow
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
445
Businesses Nearby
Explore this area
Business Placement
Demographics for 48430, MI
39,594
Population
16,163
Households
2.4
Avg Household Size
42
Median Age
38%
College-Educated
96%
High-School Grad
83.2 sq mi
ZIP Area
476
Density / Sq Mi
$99,755
Median Household Income
$53,447
Median Earnings
$1,382
Median Rent
$308,500
Median Home Value
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Frequently Asked Questions
What type of property is this?
NNN property - Specialty NNN building with 14+ years remaining on a triple-net lease and scheduled 7.50% increases every five years.
Where is this nnn property located?
The property is located at 1491 N Leroy Fenton, MI.
What are key features of this property?
This property features: 9,110 SF specialty building on approx. 1.29 acres at 1491 North Leroy St, Fenton, MI; Triple‑net (NNN) lease with more than 14 years remaining on the initial 15‑year term; Tenant has no landlord responsibilities upon close of escrow
