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Admiral

918 Washington St, Marquette, MI 49855

Listing Price: $1,659,691

Cap Rate
6.15%
Tenant Name
GPM Investments, LLC
Years Remaining On Lease
13.3
Guarantor
Corporate Guarantee
Rentable SF
702
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$145.40

Investment Overview

Marcus & Millichap is pleased to present the exclusive listing for an Admiral located at 918 Washington Street in Marquette, MI. The site consists of roughly 702 rentable square feet of building space on estimated 0.49-acre parcel of land. This Admiral is subject to a 20-year absolute triple-net (NNN) lease with zero landlord responsibilities and more than 13 years remaining. The current annual rent is $102,0711 and is scheduled to increase by 2.00% annually throughout the base term and in each of the 4, 5-year renewal options.

Investment Highlights

  • Long-Term, Absolute Triple Net (NNN) Lease
  • More Than 13 Years Remaining
  • 2.00% Annual Increases

Exclusively Listed By

  • Glen D. Kunofsky

    Licensed Associate Real Estate Broker

    (212) 430-5115

    Email Glen

    License(s): NY: 10301203289, NY: 109940808

    Manhattan

Broker of Record

  • Steven Chaben

    Senior Vice President / Regional Manager

    (248) 415-2600

    License(s) MI: 6502387903

    Michigan

Auto Service - Gas-Conv

Admiral

Listing Price: $1,659,691

Cap Rate
6.15%
Tenant Name
GPM Investments, LLC
Years Remaining On Lease
13.3
Guarantor
Corporate Guarantee
Rentable SF
702
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$145.40

Investment Highlights

  • Long-Term, Absolute Triple Net (NNN) Lease
  • More Than 13 Years Remaining
  • 2.00% Annual Increases

Investment Overview

Marcus & Millichap is pleased to present the exclusive listing for an Admiral located at 918 Washington Street in Marquette, MI. The site consists of roughly 702 rentable square feet of building space on estimated 0.49-acre parcel of land. This Admiral is subject to a 20-year absolute triple-net (NNN) lease with zero landlord responsibilities and more than 13 years remaining. The current annual rent is $102,0711 and is scheduled to increase by 2.00% annually throughout the base term and in each of the 4, 5-year renewal options.

Exclusively Listed By

  • Glen D. Kunofsky

    Licensed Associate Real Estate Broker

    (212) 430-5115

    Email Glen

    License(s): NY: 10301203289, NY: 109940808

    Manhattan

Broker of Record

  • Steven Chaben

    Senior Vice President / Regional Manager

    (248) 415-2600

    License(s): MI: 6502387903

    Michigan

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