1349 Grand Oaks Dr Howell, MI 48843-8579

This fee-simple industrial warehouse, totaling 14,314 square feet, presents a compelling investment opportunity. Located at 1349 Grand Oaks Dr, Howell, MI 48843, on a 1.52-acre lot, the property boasts a 100% occupancy rate under a Net Lease with Bottcher America, a globally recognized leader in printing materials. The current lease, commencing August 1, 2022, and expiring October 31, 2029, has a remaining term of approximately 4.9 years, featuring 3% annual rental escalations. The building, constructed in 1997 and renovated in 2022, includes two loading docks and a 14-foot ceiling height. The property's asking price is $1,936,832, representing a price per square foot of $135.31 and a 7.25% cap rate with a NOI of $140,420. The lease is corporately guaranteed and includes two and three-year renewal options. Zoned IND, this strategically located facility benefits from proximity to I-96, with over 54,000 vehicles daily, and is within easy reach of Ann Arbor, Lansing, and Detroit. The tenant has invested nearly $200,000 in building improvements. This property is ideal for investors seeking a stable, long-term net lease investment with significant upside potential. The property's location is surrounded by major national retailers, including Walmart, Home Depot, Meijer, Lowe's, and Harbor Freight.