3195 Gratiot Blvd Marysville, MI 48040
- Commercial real estate
- 7,299 SF
- 1.53 lot acres
Current Use by Public Records
- Commercial real estate
Property Details for 3195 Gratiot Blvd
- Lot size
- 1.53 lot acres
- Property size
- 7,299 SF
- Property type
- Commercial real estate
Description
This exceptional investment opportunity presents a 7,299 square foot, Class A retail building located at 3195 Gratiot Blvd, Marysville, MI 48040. The property boasts 100% occupancy with three established tenants: Starbucks, Wild Bill's Tobacco, and Sherwin Williams, under a triple-net (NNN) lease structure. The building sits on a 1.53-acre lot and benefits from its prime location as an outparcel to a Meijer supercenter, ensuring high visibility and accessibility. The current lease term spans 10 years, commencing August 31, 2024, and expiring August 30, 2034, providing a stable income stream. The asking price is $4,224,872, representing a compelling 6.65% capitalization rate and a price per square foot of $578.83. The Net Operating Income (NOI) currently stands at $280,954. Rent bumps vary per tenant, as do lease options. This fee-simple ownership presents a turnkey investment opportunity with significant potential for long-term growth, attractive to both conservative and growth-oriented investors. The diverse tenant base, including investment-grade tenants Starbucks and Sherwin Williams, contributes to the property's stability and strong income generation. This property offers a secure investment with a proven track record and a promising future in a thriving retail market.
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
- Marysville
- County
- St. Clair
- State
- Michigan
- Longitude
- -82.4964976
- Latitude
- 42.91125
