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- LoopNet Team
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
- Bank
- General Retail Freestanding
- 90 FT on Bridge St
- 113 FT on Charlotte Hwy
- 88 FT on James St
- 111 FT on Newton St
Amenities
- Signage
- Drive Thru
- Energy Star Labeled
Sustainability
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
Parcel Number | 300-200-000-445-00 | Improvements Assessment | $477,300 |
Land Assessment | $23,000 | Total Assessment | $500,300 |
PROPERTY TAXES
Learn More About Investing in Retail Properties
Listing ID: 20378957
Date on Market: 7/23/2020
Last Updated:
Address: 1235 E Bridge St, Portland, MI 48875
The Retail Property at 1235 E Bridge St, Portland, MI 48875 is no longer being advertised on LoopNet.com. Contact the broker for information on availability.