28999 5th Mile Rd Livonia, MI 48154-3823

This exceptional investment opportunity presents a fee-simple ownership of a 1,921 square foot freestanding Citizens Bank branch located at 28999 Five Mile Rd, Livonia, MI 48154. The property sits on a 0.68-acre lot and boasts a drive-thru, catering to a densely populated area with over 286,000 residents within close proximity. The bank benefits from high traffic volume, exceeding $100 million in deposits. The property is currently under a triple-net (NNN) lease, absolving the owner of all landlord responsibilities. The lease, originally commenced on June 29, 2006, has a remaining term of approximately 1.6 years, followed by three 5-year renewal options. The lease includes annual rent increases of 1.5%. Built in 1976, this property offers a strong cap rate of 5.51% with a current NOI of $46,818 and an asking price of $850,000 ($442.48 per square foot). The property's strategic location benefits from high visibility and significant traffic volume, exceeding 60,000 vehicles per day on nearby Middlebelt and Five Mile Roads. Nearby businesses include McDonald's, Taco Bell, Little Caesars, Westborn Market, and many other national and local retailers. This is a rare opportunity to acquire a high-performing, low-maintenance investment property with a credit-rated corporate guarantor.