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1235 E Bridge St
Portland, MI 48875

10-Yr Extension | Corporate Huntington Bank · Retail Property For Sale

Investment Highlights

  • Recent 10-year lease extension; showing success and commitment to the site
  • $43.47 MM in deposits as of June 2020, a 10% increase over the past year
  • 3 lane drive-thru sustaining contactless transactions mitigating against Covid-19 spread
  • 11% rent increase starts January 2021; then 10% rent increase in 1st option period and 5% rent increase every 5 years in the remaining options
  • Highest Huntington branch deposits in the County
  • Interstate 96 location positioned just north of on/off ramp access (39,000 VPD)

PROPERTY FACTS

Property Type
Retail
Property Subtype
Bank
Building Size
5,616 SF
Building Class
C
Year Built
1997
Tenancy
Single
Building Height
1 Story
Building FAR
0.08
Lot Size
1.56 AC
Zoning
R2
Parking
10 Spaces (1.78 Spaces per 1,000 SF Leased)
Frontage
90 FT on Bridge St

Amenities

  • Signage
  • Drive Thru
  • Energy Star Labeled

Sustainability

Energy Star Certified
93
ENERGY STAR certified buildings save energy and help protect the environment.

Sustainability

ENERGY STAR® Energy Star is a program run by the U.S. Environmental Protection Agency (EPA) and U.S. Department of Energy (DOE) that promotes energy efficiency and provides simple, credible, and unbiased information that consumers and businesses rely on to make well-informed decisions. Thousands of industrial, commercial, utility, state, and local organizations partner with the EPA to deliver cost-saving energy efficiency solutions that protect the climate while improving air quality and protecting public health. The Energy Star score compares a building’s energy performance to similar buildings nationwide and accounts for differences in operating conditions, regional weather data, and other important considerations. Certification is given on an annual basis, so a building must maintain its high performance to be certified year to year. To be eligible for Energy Star certification, a building must earn a score of 75 or higher on EPA’s 1 – 100 scale, indicating that it performs better than at least 75 percent of similar buildings nationwide. This 1 – 100 Energy Star score is based on the actual, measured energy use of a building and is calculated within EPA’s Energy Star Portfolio Manager tool.

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
300-200-000-445-00
Land Assessment
$23,000
Improvements Assessment
$477,300
Total Assessment
$500,300
  • Listing ID: 20378957

  • Date on Market: 7/23/2020

  • Last Updated:

  • Address: 1235 E Bridge St, Portland, MI 48875

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