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23351 Eureka Rd
Taylor, MI 48180

Big Lots · Retail Property For Sale

Retail Buildings Michigan Taylor 23351 Eureka Rd, Taylor, MI 48180

Investment Highlights

  • PREMIER TENANT - Big Lots, Inc (NYSE: BIG) is one of the world’s leading discount retail providers.
  • FAVORABLE RENEWAL TERMS & ATTRACTIVE NOI GROWTH - Renewal options will vary by state.
  • FREE & CLEAR OF FINANCING - The Properties will be transferred free and clear of debt.
  • OPTIMAL NET-LEASE STRUCTURE - The Properties feature twenty (20)-year individual absolute net-leases.
  • STRONG REAL ESTATE FUNDAMENTALS - Characteristically situated amid retail corridors or within robust industrial hubs.
  • The properties are leased below market rents with annual rents of $10.00 PSF average for Retail Store Properties.

Executive Summary

20-Year Absolute NNN Lease with 2% Annual Increases

PROPERTY FACTS

Sale Type
Investment
Property Type
Retail
Property Subtype
Freestanding
Building Size
42,467 SF
Building Class
B
Year Built
1995
Price
$4,465,601
Price Per SF
$105
Cap Rate
6.25%
NOI
$279,100
Tenancy
Single
Building Height
1 Story
Loading Docks
1 Exterior
Building FAR
0.22
Lot Size
4.50 AC
Zoning
B-2
Parking
147 Spaces (3.46 Spaces per 1,000 SF Leased)
Frontage
298 FT on Eureka Rd

Amenities

  • Bus Line
  • Pylon Sign
  • Signalized Intersection

Links

PROPERTY TAXES

Parcel Number 60-090-01-0561-313 Improvements Assessment $0
Land Assessment $0 Total Assessment $1,156,600

PROPERTY TAXES

Parcel Number
60-090-01-0561-313
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$1,156,600
 

  • Listing ID: 29774477

  • Date on Market: 10/12/2023

  • Last Updated:

  • Address: 23351 Eureka Rd, Taylor, MI 48180

More public record information on 23351 Eureka Rd, Taylor, MI 48180

The Retail Property at 23351 Eureka Rd, Taylor, MI 48180 is currently available for sale. Contact CBRE, Inc. for more information.

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