4929 Baldwin Rd Orion Township, MI 48359

Property Details for 4929 Baldwin Rd

Lot size

0.39 lot acres

Property size

3,150 SF

Property type

Retail properties

Description

This exceptional retail investment opportunity presents a fee-simple ownership interest in a 3,150 square foot building situated on a 0.39-acre lot at 4929 S Baldwin Rd, Orion Township, MI 48359. The property boasts a strong 100% occupancy rate, secured by a 10-year absolute net (NNN) lease commencing June 30, 2024, and expiring June 29, 2034, leaving a substantial 10.1 years remaining lease term. The current tenant is a Sleep Number store, benefiting from its strategic location on Baldwin Road, directly across from the Baldwin Commons Shopping Center, conveniently north of I-75, and near the Great Lakes Crossing Outlets. This prime location ensures high visibility and accessibility within a thriving retail corridor. The property offers a compelling net operating income (NOI) of $132,300, translating to an attractive 6.75% capitalization rate and an asking price of $1,960,000 ($622.22 per square foot). The property is offered free and clear of any encumbrances, presenting a straightforward and attractive investment opportunity. This is a rare chance to acquire a stable, high-performing retail asset in a desirable Michigan location. The property is delivered free and clear.