GPM NNN
For Sale
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1509 South State St, Davison, MI 48423
GPM property with long-term triple-net lease structure and scheduled rental increases.
Property Size10,892 SF
Lot Size3.00 Acres
Days on Market145
Property Features for 1509 South State St
General Information
Standard status
Active
Size
10,892 SF
Lot size
3.00 Acres
Property subtype
Retail, Office
Listing Agency:
SURMOUNT
(332) 345-4222
Listed By:
Glen Kunofsky · License #NY 49KU1129178
Source:
Crexi
Added: Apr 10
Changed: Aug 31
Last Checked: Aug 30 at 1:07AM
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.
The GPM property at 1509 South State Street includes 10,892 square feet of building space on approximately 3.00 acres in Davison, Michigan. The asset is subject to a triple-net lease with more than 14 years remaining on the initial 15-year term, and the lease provides for absolutely no landlord responsibilities upon the close of escrow.
Contractual rent increases of 7.50% occur every five years through the base term and continue into six five-year tenant renewal options. The property’s lease structure and remaining term provide a clearly defined framework for ownership and future renewal periods.
Contractual rent increases of 7.50% occur every five years through the base term and continue into six five-year tenant renewal options. The property’s lease structure and remaining term provide a clearly defined framework for ownership and future renewal periods.
Key Highlights
- 10,892 square feet of building space on approximately 3.00 acres
- More than 14 years remaining on the initial 15‑year triple‑net lease
- Absolutely no landlord responsibilities upon the close of escrow
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
453
Businesses Nearby
Explore this area
Business Placement
Demographics for 48423, MI
33,801
Population
15,248
Households
2.2
Avg Household Size
41
Median Age
25%
College-Educated
93%
High-School Grad
64.5 sq mi
ZIP Area
524
Density / Sq Mi
$64,096
Median Household Income
$40,463
Median Earnings
$953
Median Rent
$209,400
Median Home Value
Market
Vacancy Rate% for Retail in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
NNN property - GPM property with long-term triple-net lease structure and scheduled rental increases.
Where is this nnn property located?
The property is located at 1509 South State St Davison, MI.
What are key features of this property?
This property features: 10,892 square feet of building space on approximately 3.00 acres; More than 14 years remaining on the initial 15‑year triple‑net lease; Absolutely no landlord responsibilities upon the close of escrow
