8012 Lewis Ave Temperance, MI 48182
- Retail space
- 7,710 SF
- 0.64 lot acres
Current Use by Public Records
- Cardtronics ATM / Atm
- NAPA Auto Parts / Racing Car Parts Store / Truck Accessories Store
Property Details for 8012 Lewis Ave
- Lot size
- 0.64 lot acres
- Property size
- 7,710 SF
- Property type
- Retail space
- APN
- 02-026-049-00
- APU
- 202604900
Description
This exceptional retail property, located at 8012 Lewis Ave in Temperance, Michigan, presents a compelling investment opportunity. The 7,492 square foot building sits on a 1.47-acre lot and boasts a strong 100% occupancy rate with a single tenant under a triple-net (NNN) lease. Built in 1959 and extensively renovated in 2007, the property is zoned Commercial C-1, offering flexibility and potential for future expansion. The current lease term is for 3 years, expiring in 2024, with the ground lease expiring January 10, 2024. The tenant, established at this location for 49 years, is currently undertaking substantial upgrades to the retail space. Ample parking is available with 19 spaces on-site. The property's strategic location offers excellent demographics, with nearly 93,740 people within a 5-mile radius and an average household income exceeding $66,487. An additional lot provides the potential for future expansion or the development of new commercial construction. Financial details and the lease agreement will be provided upon execution of a confidentiality agreement. The property's parcel numbers are 02-026-049-00 and 02-026-051-00. The asking price for this turnkey investment is $980,000.
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
- Temperance
- County
- Monroe
- State
- Michigan
- Longitude
- -83.5675
- Latitude
- 41.7615
- CBSA code
- 33780
- CBSA name
- MONROE, MI METROPOLITAN STATISTICAL AREA
