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CHICAGO, IL, June 13, 2019 /24-7PressRelease/ -- B+E, the first brokerage and technology platform for net lease real estate, today 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.
For more information, contact Tim Hain at THain@benetlease.com or go to www.benetlease.com.
B+E is a modern investment brokerage firm, specializing in net lease real estate. The firm helps clients buy and sell single tenant real estate. Founded by deeply experienced brokers, B+E redefines trading through an intuitive end-to-end transaction platform comprising of user-friendly dashboards and an AI-driven exchange — all leveraging the largest data set in the net lease industry. Complementing senior talent with exceptional technology, B+E's proprietary process affords greater speed, unrivaled transaction efficiencies, and stronger asset value. With offices in New York, Chicago, Atlanta, Tampa and San Francisco, its brokers trade property for clients across the US. B+E allows virtually anyone to confidently trade net lease real estate.
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