Speedy Q for Sale in New Baltimore, MI
New Baltimore, MI
Key Investment Metrics
Price
$1,423,369
Cap Rate
6.0%
Net Operating Income
$85,402
Building Size
2424 SF
Land Area
1.35 Acres
Lease Term
18 years
Lease Type
Absolute NNN
Tenant Credit
Corporate Guarantee
Year Built
1984
Tenancy
Single
Property overview
Speedy Q in New Baltimore
Review the reported property and lease details, then request the supporting documents for your acquisition review.
- Building area
- 2,424 SF
- Land area
- 1.35 acres
- Year built
- 1984
- Lease type
- Absolute NNN
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.