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13939 LIVERNOIS AVE, Detroit, Michigan

$1,898,000Active

13939 LIVERNOIS AVE, Detroit, Michigan 48238
Provided through IDX through Realcomp II Ltd. Courtesy of Keller Williams Rlty Northville Mkt Ctr Copyright 2014 Realcomp II Ltd. Shareholders - MLS® ID: 217052416

Property Details

13939 LIVERNOIS AVE, Detroit, Michigan 48238 - Cap rate 7.38%. Long term original tenant in place since 1990 over 25 years. Building has original 20 year lease with four 5-yr options with rent bumps. Tenant exercised two options early giving new owner a total of approx. 9.5 years from closing evidencing tenants commitment to this location. The Nearest Rite Aid is approx. 3.04 mi away and Walgreens is approximately 3.07 miles away. Recently exercised 2 extensions early for total of 9.5 years remaining. High density Detroit MSA with population of 440,000 + within 5 miles. Signalized hard corner location with high traffic counts. Extra parking lot space is included in this offering which maybe buildable for another approximately 6000 sf building. NOTE: Property is net leased (NN) with landlord responsible for structure. *Tenant responsible to maintain roof, utilities, maintenance, & property taxes. See offering memorandum and lease for details. ( Additional MLS Data: Summer Tax: $44421, Winter Tax: $6584 )

Amenities

  • Transaction TypeSale
  • Zip48238
  • CountyWayne
  • SQFT11520
  • StatusActive
  • Purchase TypeActive
  • Property typeCommercial
  • Zoning typeCommercial
  • School districtDetroit
  • Year built1990
  • Lot size0.62
  • WaterfrontNo
  • SewerSewer-Sanitary
  • HeatingPackaged Heat/Cool
  • Tax amount$51,005.00
  • Office ID294086
  • Agent ID382937
  • Agent nameDavid H Brooks III
  • MLS® ID217052416

Broker: Provided through IDX through Realcomp II Ltd. Courtesy of Keller Williams Rlty Northville Mkt Ctr Copyright 2014 Realcomp II Ltd. Shareholders

Listing Courtesy of Provided through IDX through Realcomp II Ltd. Courtesy of Keller Williams Rlty Northville Mkt Ctr Copyright 2014 Realcomp II Ltd. Shareholders

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