NNN Retail Investment with
For Sale
$895,000
28735 Gratiot Ave, Roseville, MI 48066
10-year NNN lease commenced 1/28/24 with 2% annual rent increases and extension options.
Property Size5,130 SF
Price / SF$174.46
Days on Market735
Property Features for 28735 Gratiot Ave
General Information
Standard status
Active
Size
5,130 SF
Property subtype
Retail
Zoning
B-3
Additional Details
Cap Rate
7.5%
Building Details
Building Size
5,130 SF
Year Built
1965
Buildings
1
Stories
1
Listing Agency:
Thomas A. Duke Company
Listed By:
Dave Tesch · License #6501378844
(248) 479-0126
Source:
Cpix.resimplifi
Added: Oct 24, 2024
Changed: Oct 25
Last Checked: Oct 28 at 4:50AM
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 Thomas A. Duke Company
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Investment Insights
Based on property information with market context.
This NNN retail property is leased to LaundroLab under a 10-year net lease that commenced 1/28/24. The lease includes 2% annual rent increases, along with two (2) five (5) year options to extend. The landlord is responsible for maintaining the parking lot, HVAC, foundation, and roof, and the offering is described as producing NOI of $66,690 with a stated 7.5% cap rate at the ask price.
The asset is located on the west side of Gratiot Ave, just south of 12 Mile Rd in Roseville, MI, in the shadow of a Walmart shopping center along a highly traveled corridor.
Per the lease terms provided, the property is structured for long-term stability through scheduled annual increases and renewal options while keeping key exterior and building systems under landlord responsibility.
The asset is located on the west side of Gratiot Ave, just south of 12 Mile Rd in Roseville, MI, in the shadow of a Walmart shopping center along a highly traveled corridor.
Per the lease terms provided, the property is structured for long-term stability through scheduled annual increases and renewal options while keeping key exterior and building systems under landlord responsibility.
Key Highlights
- 10‑year NNN lease commenced 1/28/24 with 2% annual rent increases
- 7.5% cap rate at ask price; NOI of $66,690
- Two (2) five (5) year options to extend the lease
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
537
Businesses Nearby
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Business Placement
Demographics for 48066, MI
47,789
Population
22,116
Households
2.2
Avg Household Size
39
Median Age
15%
College-Educated
90%
High-School Grad
9.9 sq mi
ZIP Area
4,827
Density / Sq Mi
$61,222
Median Household Income
$38,978
Median Earnings
$1,175
Median Rent
$142,700
Median Home Value
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Frequently Asked Questions
What type of property is this?
NNN property - 10-year NNN lease commenced 1/28/24 with 2% annual rent increases and extension options.
Where is this nnn property located?
The property is located at 28735 Gratiot Ave Roseville, MI.
What is the asking price?
The asking price for this property is $895,000.
What are key features of this property?
This property features: 10‑year NNN lease commenced 1/28/24 with 2% annual rent increases; 7.5% cap rate at ask price; NOI of $66,690; Two (2) five (5) year options to extend the lease
