This Specialty Property is no longer advertised on LoopNet.com.

3905 Pine Mountain Rd
Iron Mountain, MI 49801

Rivers Bend Campground · Specialty Property For Sale · 10,000 SF

Specialty Properties Michigan Iron Mountain 3905 Pine Mountain Rd, Iron Mountain, MI 49801

INVESTMENT HIGHLIGHTS

  • Rivers Bend RV Resort & Campground, LLC will sign a 15-year ground lease sale lease back at the close of escrow
  • Absolute net lease with zero landlord responsibilities
  • Passive net lease investment with a buyback option starting year 6
  • Contracted annual rent increases of 3%, a strong hedge against inflation
  • Seller financing available
  • Buy back option starting year 6 with the buyback value increasing at a 9% compounded rate, resulting to an Annual IRR of 30% per year

PROPERTY FACTS

Property Type Specialty
Property Subtype Trailer/Camper Park
Building Class C
Lot Size 24.37 AC
Building Size 10,000 SF
No. Stories 1
Year Built 2003

PROPERTY TAXES

Parcel Number 002-413-027-20 Improvements Assessment $0
Land Assessment $475,100 Total Assessment $475,100

ZONING

Zoning Code C
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  • Listing ID: 26509281

  • Date on Market: 8/29/2022

  • Last Updated:

  • Address: 3905 Pine Mountain Rd, Iron Mountain, MI 49801

More public record information on 3905 Pine Mountain Rd, Iron Mountain, MI 49801

The Specialty Property at 3905 Pine Mountain Rd, Iron Mountain, MI 49801 is no longer being advertised on LoopNet.com. Contact the broker for information on availability.

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