21800 Greater Mack Ave St. Clair Shores, MI 48080

This exceptional investment opportunity presents a fee-simple ownership of a single-tenant, 6,375 square foot Citizens Bank building situated on a 1.56-acre lot in St. Clair Shores, Michigan (48080). The property boasts a new 5-year absolute NNN lease with a corporate guarantee, ensuring minimal landlord responsibilities. The lease includes annual rent bumps of 2.5%, providing consistent income growth. Furthermore, two five-year renewal options, each with 2.5% annual increases, offer long-term stability. Built in 1980, this one-story building currently generates a Net Operating Income (NOI) of $145,000, representing a 7.00% cap rate on the $2,071,429 asking price ($324.93 per square foot). The property benefits from a strong location within a densely populated area, with over 269,500 residents within a 5-mile radius and an average household income of $82,284 within a 3-mile radius. This is a passive income investment with significant upside potential. The property is 100% occupied.