Tenancy Type: National
Lease Type: Absolute NNN
Address: 4903 Fenton Road
The Cooper Commercial Investment Group is pleased to announce the sale of the single-tenant, Absolute NNN Ground Lease Taco Bell location in Flint, Michigan. The tenant recently extended their lease and currently has 13 years remaining.
Dan Cooper, President and Broker of the Cooper Commercial Investment Group in Cleveland, Ohio, had the privilege to represent the seller, a private investment group based out of New York. The West Coast, 1031 private investor went from contract to close in less than 20 days and purchased the property for $930,000, representing a 6.30% CAP and over 95% of the original list price. Through marketing efforts, the Cooper Group generated a significant amount of interest in the property and received multiple competing offers. The Cooper Commercial Investment Group looks forward to working with parties interested in selling or looking to acquire other similar commercial assets and encourages you to contact them for a no obligation, evaluation of your commercial property. Visit them on line at www.CooperGrp.com for the most up-to-date listings and information, stay connected by, “Like” them on Facebook and follow them on Twitter @TheCooperGrp.