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1380 Wright Avenue, Alma, MI 48801
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$699,000
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Home Details for 1380 Wright Avenue
Price
$699,000
Type
Commercial/Industrial
Year Build
1980
Sq. Ft.
1866
Lot Size
0.56
County
Gratiot
Tax
$8,667.5
MLS®️ Listing#
1928737
On exitrealty.com
306 days
Property Description
Prime Investment Opportunity: Commercial Property with Triple Net Leases Investors, take note of this exceptional opportunity to own a commercial property with secure, long-term income from two established tenants. This low-maintenance investment generates over $42,000 annually, with both tenants on triple net (NNN) leases, minimizing landlord responsibilities to only the structural portions of the roof, exterior, and load-bearing walls. Property Highlights: 1. Tenant 1: Quick-Service Pizza Restaurant & Fast-Food Delivery Lease Details: In place through 2028, with options to renew, ensuring consistent and reliable rental income. Income: $30,000 per year with scheduled rent increases, adding future value. Business: Thriving quick-service model with steady foot traffic and delivery operations, a staple in the local community. 2. Tenant 2: Digital Advertising Company Lease Details: A remarkable 40-year lease, guaranteeing income security for decades. The digital advertising sign features continuous scrolling marketing, driving high visibility for local businesses. Income: $12,000 per year with scheduled increases, further boosting long-term revenue potential. Signage: Strategically positioned to maximize exposure, benefiting from consistent demand for advertising space. This commercial property offers an ideal investment for buyers seeking a solid return with minimal management demands. With long-term leases and built-in rent escalations, it promises stable cash flow and appreciation potential. Don’t miss this chance to add a high-yield, hassle-free asset to your portfolio! Contact your Realtor for more details and to schedule a viewing.
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- Heating Information
- Forced Air
- Water Features
- Municipal Water
- Utilities
- Natural Gas Available
Listing Courtesy: 43 NORTH REALTY - 989-463-1219
The accuracy of all information, regardless of source, is not guaranteed or warranted. All information should be independently verified. Copyright ©2025 Northern Great Lakes REALTORS® MLS. All Rights Reserved.
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$699,000
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