2855 Haggerty Rd Commerce Charter Township, MI 48390
- Specialty properties
- 11,480 SF
Current Use by Public Records
- Specialty properties
Property Details for 2855 Haggerty Rd
- Property size
- 11,480 SF
- Property type
- Specialty properties
- Property subtype
- Schools
Description
This exceptional investment opportunity presents a fee-simple, single-tenant, 11,480-square-foot school building located at 2855 Haggerty Rd, Commerce Charter Township, MI 48390. The property, currently 100% occupied as of September 29, 2023, boasts a brand-new construction completed in 2024 and features a single-story building. The property is ideally suited for a 1031 exchange buyer seeking a long-term, stable investment. The asking price is $6,659,143, translating to $580.06 per square foot. The tenant, Guidepost Montessori at Walled Lake, operates under a 20-year triple-net (NNN) lease with minimal landlord responsibilities. This lease includes a significant advantage: 2% annual rental increases, providing consistent and predictable income growth. Further strengthening the investment, the lease is fully guaranteed by Higher Ground Education, Guidepost Montessori's parent company. The property benefits from its location in a high-income area, with average household incomes exceeding $137,000 within a 3-mile radius and a population exceeding 159,000 within a 5-mile radius. This strong demographic profile, coupled with its convenient location in a major commuter corridor, ensures a robust and stable tenant base. Guidepost Montessori is the largest corporate Montessori school operator in the United States, providing further assurance of the tenant's financial strength and operational expertise.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Commerce Charter Township
- County
- Oakland
- State
- Michigan
- Longitude
- -83.4404
- Latitude
- 42.5644
