NAPA Auto Parts for Sale in Temperance, MI
Temperance, MI
Key Investment Metrics
Price
$875,000
Cap Rate
7.2%
Net Operating Income
$63,000
Building Size
7492 SF
Land Area
0.64 Acres
Remaining Term
1.3 years
Lease Expiration
10/31/2027
Lease Term
6 years
Lease Commencement
10/29/2021
Lease Type
NNN
Tenant Credit
Corporate Guarantee
Year Built
1959
Occupancy
100%
Tenancy
Single
Rent Increases
$0.40 PSF in Option
Property overview
NAPA Auto Parts in Temperance
Review the reported property and lease details, then request the supporting documents for your acquisition review.
- Building area
- 7,492 SF
- Land area
- 0.64 acres
- Year built
- 1959
- Lease type
- NNN
- Lease expiration
- 10/31/2027
Confirm current availability, pricing and lease terms through the inquiry form before relying on this listing.
Before you make an offer
Four things to verify
- 1
Lease and guaranty
Request the executed lease and amendments. Identify the legal tenant, guarantor and landlord obligations.
- 2
Income and expenses
Obtain the rent roll and operating statement supporting the advertised NOI and cap rate.
- 3
Property condition
Review survey, title, condition and environmental information relevant to this property.
- 4
Exchange requirements
For a 1031 exchange, confirm eligibility and deadlines with your qualified intermediary and tax adviser.