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| Tim Hain |
CHICAGO, IL – B+E, the first brokerage and technology platform for net lease real estate, announced that the TruGreen property located at 3116 Dixie Avenue, Grandville, MI, is for sale for $1.5 million.
The building is +/-14,300 SF on +/-1.41 acres of land and includes parking. The property carries a cap rate of 6.15% with a remaining term of 10 years.
“TruGreen is a $1B business with over 300 branches throughout the US,” said Tim Hain with B+E.
“This property features a corporately guaranteed lease from TruGreen Lawn Care, which has a 34-year history at this location.”
Property improvements include new HVAC units, upgrades to the parking lot, fencing, warehouse upgrades and LED lighting throughout. The property is located in a dense industrial park surrounded by a variety of quality tenants including Nabisco, Harbor Foam, PODS, Airgas, Viking Spas, Hadley and K&M Tire.
Contacts:
John Vita
John Steven Vita Communications
847/853-8283
Tim Hain
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