1337 Twenty-Fourth Street, Port Huron, MI 48060

Commercial property for lease

• Description
• The subject opportunity is a two-tenant retail investment in Port Huron, Michigan. The property is located on 24th Street and houses two tenants. These include St. Vincent DePaul and Rent-A-Center, which occupy 100% of the building's 16,480 square feet. St. Vincent DePaul occupies almost 9,980 square feet and pays a modified gross lease rate of $5.00 per square foot, which is significantly below the market average. The remaining 6,500 square feet is leased by Rent-A-Center at a modified gross rate of $12.00 per square foot. The property is currently yielding approximately $105,600 in rental revenue and netting $86,218 in net operating income. Based on the current investment market conditions and recent comparable Port Huron retail sales, the property is listed for sale at $1,045,067 - a capitalization rate of 8.25%. Building price details: $1,045,067.
• Exterior Features

• Parking Type:

  Surface

• Contact info
• Luke C. Timmis

  Signature Associates
  Griffin Pitcher

  Signature Associates
  Angela Thomas

  Signature Associates
• Note

• Details Info about this row that located on 1337 Twenty-Fourth Street, Port Huron, MI 48060 was got from trusty sources, but HousesForSaleList.com can't guarantee that details about listing price, status, facts, images and owner are correct, because this listing can be changed or removed from market without notice. If You need to receive additional details about this property try to ask directly listing agent or owned.

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