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31930 Grand River Ave
Farmington, MI 48336 Farmington

$867,143 USD

Medical For Sale  •  2,503 SF

Property Details

  • Property Type Medical
  • Total Building Size 2,503 SF
  • Lot Size 0.32 AC
  • Building Class C
  • Year Built 1991
  • Cap Rate 7.00 %
  • Tenancy Single
  • Zoning BI
0 Transit Score
64 Walk Score

Highlights

Tenant Investment in Location – Dental support organizations rarely relocate due to high build-out costs and difficulty in retaining the same patients
Retail Corridor – This office is placed between several shopping and strip centers filled with national tenants such as Starbucks, Target, Subway, Wen
Scheduled Rental Increases – 3.00% annual rental increases provide a future owner a boost in cash flow and return on their investment,
Recent Practice Acquisition – Guardian recently acquired the practice in 2023 and signed a long term lease, highlighting their long-term commitment
Strong Demographics – The site is favorably located in a wealthy and heavily populated area with over 208,479 residents in a 5-mile radius
Passive Investment Opportunity – This property offers an excellent investment for 1031 exchange buyers seeking a high-yield asset with minimal landlor
Cap Rate: 7.00 %

Amenities

  • Signage

Public Transportation

AirportDriveWalkDistance
Detroit Metro Wayne County 36 min - 27.2 mi
Windsor International 52 min - 31.7 mi

Parking Details

Parking Available: Yes
Reserved: No
Spaces Provided: 21
Type: Surface
Included in Rent: Yes
Seamus O'Brien 773-219-0964 Matthews Real Estate Investment Services
Seamus O'Brien 773-219-0964 Matthews Real Estate Investment Services