111 Lenawee County Addison Michigan, Adrian, MI 49221
- Retail properties & Spaces
- 5,594 SF
- 1.03 lot acres
Current Use by Public Records
- Retail properties & Spaces
Property Details for 111 Lenawee County Addison Michigan
- Lot size
- 1.03 lot acres
- Property type
- Retail properties & Spaces
- Property subtype
- Grocery and convenience stores
Description
This exceptional turnkey opportunity presents a thriving liquor store located in Adrian, Michigan, at 111 Lenawee County, Addison, Michigan, 49221. The property boasts a substantial 5,594 square feet situated on a 1.03-acre lot. The asking price is $350,000, translating to a price per square foot of $62.57. The property operates under a triple net lease (NNN) arrangement with multiple tenants, ensuring a consistent income stream. Currently enjoying 100% occupancy, this investment offers a compelling 13% capitalization rate. Financial records indicate a strong performance, with total gross sales reaching $500,000 annually in 2022. Net income for the year reached $42,109, demonstrating the potential for significant returns, even with absentee ownership and managed by employees. The sale includes the building, the established business, and the valuable liquor license, providing a complete and ready-to-operate package. This is a rare opportunity to acquire a well-established, high-performing retail asset in a desirable location. The property's strong financial performance, coupled with its turnkey nature, makes it an ideal investment for both seasoned and aspiring entrepreneurs seeking a profitable and low-maintenance venture.
Value Estimations
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Adrian
- County
- Lenawee
- State
- Michigan
- Longitude
- -84.059
- Latitude
- 41.8852
