46025 Gratiot Ave Macomb, MI 48042
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Net lease investment, 7.41% cap rate, 10-year lease.
Property size:
8,474 SFProperty Features for 46025 Gratiot Ave
General Information
- Property type
- Distribution properties
- Square Feet
- 8,474 SF
- Class
- C
- Lot Size
- 72,310 SF
Building Details
- Year Built
- 2000
- Buildings
- 2
- Stories
- 1
- Units
- 1
Listing Agency: Pilot Property Group Listing Agent: James Diehl
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
Overview
This exceptional investment opportunity presents a single-tenant, net-lease industrial distribution property located at 46025 N. Gratiot Ave, Macomb, MI 48042. The property boasts a substantial 8,474 square feet of warehouse space, complemented by an additional 1,200 square foot outbuilding, all situated on a 1.66-acre lot. Built in 2000, this Class C building features a 21-foot ceiling height and one dock-high door. Currently 100% occupied by Linde Gas and Equipment, Inc. since 2007, the property benefits from a strong, long-term lease with 10 years remaining. The favorable lease terms minimize landlord responsibilities, offering a secure and passive income stream. The property's Net Operating Income (NOI) is $126,000, resulting in an attractive 7.41% capitalization rate. The asking price is $1,700,000. The property is zoned IND and consists of two single-story buildings. This is a rare opportunity to acquire a stable, income-producing asset in a desirable location with minimal management requirements. The property's Parcel Number (APN) is 20-08-36-276-010.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
Linde Welding Gas ...
Big Box & Wholesale Store
Location Insight
- Map
- Local Demand
- City
- Macomb
- County
- Macomb
- State
- Michigan
- Longitude
- -82.856421562514
- Latitude
- 42.638409821978
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FAQs
What type of property is this?
Distribution property - Net lease investment, 7.41% cap rate, 10-year lease.
Where is this distribution property located?
The property is located at 46025 Gratiot Ave Macomb, MI.
What is the asking price?
The asking price for this property is $1,700,000.
What are key features of this property?
This property features: Attractive lease terms with low landlord responsibilities.; Long-term tenant, Linde Gas and Equipment, Inc., in occupancy since 2007.; Ten-year lease currently in effect.
