- For Sale $2,636,000
- Property Type Retail
- Property Size 950 SF
- Lot Size 0.52 Acre
- Cap Rate % 5.5
- NOI / YR $145,000.00
- Year Built 2025
- Date Updated Jun 3, 2026
Description
- Tenant recently signed a brand new 15-year build to suit to lease with 3 (5-year) options to extend, demonstrating their commitmentto the site
- Lease is corporate guaranteed by Boersma Bros LLC
- Scheduled for March 2026 grand opening
- Features 10% rental increases every 5 years throughout the initial term and at the beginning of each option, growing NOI and hedging against inflation.
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Contacts
Matthew Mousavi
SRS Real Estate Partners
Patrick Luther
SRS Real Estate Partners
Location
Contact 566 1st St N
