Fully Leased Retail Investment

2,240 SF single tenant building, fully leased

Property Type

Retail Commercial Investment

Building Size

2,240 SF

Lot approximately 84 x 132 feet

Status

For Sale

Price

$625,000

Single Tenant Investment On Packard

Options Extending Through Year 2046

2,240 SF single story retail building, built 1971 and remodeled in 1995
Fully leased at the time of the offering
Base lease term runs through December 2031
Five year renewal options could extend occupancy through 2046, at the tenant’s election
Real estate only; the business operating in the building is not included
No liquor license, inventory, or business equipment conveys with the real estate
Tenant space described in the offering materials as a fully renovated liquor store
Lot measuring approximately 84 by 132 feet, parcel 09-12-11-201-025
Prominent position on Packard Road in Ann Arbor

A fully leased single tenant retail building at 3240 Packard Road in Ann Arbor is offered for sale at $625,000. The sale is real estate only, and the business operating in the building is not included. The building runs 2,240 square feet on one story, on a lot measuring approximately 84 by 132 feet, parcel 09-12-11-201-025.

The property is occupied under a lease running through December 2031, followed by five year renewal options that could extend occupancy through 2046 if the tenant elects to exercise them. The tenant operates a liquor store, which the offering materials describe as fully renovated. A buyer acquires the real estate and the lease in place rather than an operating business or any licenses held by it.

Rent, escalations, expense structure, and the balance of the lease are available from the listing agent, as are zoning and site area, which are not stated in these offering materials. Renewal options extend at the tenant’s election and are not guaranteed term. All property details, uses, and plans are subject to independent verification.

Income In Place Today

Fully leased with a lease running to 2031

The asset is already working. The building is fully leased at the time of the offering, with a base lease term running through December 2031, so a buyer steps into income from closing rather than carrying a vacant building through a lease-up and a build-out. Five year renewal options follow the base term and could extend occupancy through 2046, though each option is exercised at the tenant’s election rather than committed in advance.

What a buyer acquires is the real estate and the lease, not the business. The tenant operates a liquor store the offering materials describe as fully renovated, and no business assets or licenses convey with the property. The building runs 2,240 square feet on a single story along Packard Road, one of Ann Arbor’s established commercial routes, on a lot of roughly 84 by 132 feet.

Fully leased at the time of the offering
Base lease term running through December 2031
Five year renewal options extending to 2046 at the tenant’s election
Real estate only, with no business assets or licenses conveying
Single story 2,240 SF building, built 1971 and remodeled in 1995
Tenant space described as a fully renovated liquor store
Prominent Packard Road position in Ann Arbor
Parcel 09-12-11-201-025 on a lot of approximately 84 by 132 feet
Rent, escalations, and lease structure available from the listing agent

Why This Space Matters

Property Features

The building is a single story retail commercial structure of 2,240 square feet, built in 1971 and remodeled in 1995, on parcel 09-12-11-201-025. The lot measures approximately 84 by 132 feet. The offering materials describe the tenant space as a fully renovated liquor store, without dating that renovation separately from the 1995 remodel.

The transaction covers the real estate only. The business operating in the building, along with any licenses, inventory, and equipment belonging to it, is not part of the sale. Rent, escalations, expense structure, and the remaining lease balance are available from the listing agent, and no income figure is published here.

Fully Leased At Closing

The building is occupied at the time of the offering, so a buyer takes on an income-producing asset rather than a vacancy to fill. Rent, escalations, and expense structure are available from the listing agent.

Term Through 2031, Options To 2046

The base lease term runs through December 2031. Five year renewal options follow and could carry occupancy through 2046, exercised at the tenant’s election. A buyer should underwrite the base term and treat the options as upside rather than committed term.

Real Estate Only, Business Excluded

The sale conveys the building and the lease. The tenant’s business, liquor license, inventory, and equipment are not included, which keeps the transaction a straightforward real estate purchase rather than a going-concern acquisition.

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3240 Packard Road, Ann Arbor, MI 48108

Fully leased single tenant retail building at 3240 Packard Road, Ann Arbor, MI 48108, offered at $625,000
2,240 SF on one story, built 1971 and remodeled in 1995, parcel 09-12-11-201-025
Lot measuring approximately 84 by 132 feet
Base lease term runs through December 2031
Five year renewal options could extend occupancy through 2046, exercised at the tenant’s election rather than committed term
Real estate only; the business, its liquor license, inventory, and equipment are not included in the sale
Tenant space described in the offering materials as a fully renovated liquor store
Prominent Packard Road position in Ann Arbor
Rent, escalations, expense structure, zoning, and site area are available from the listing agent and are not stated in the offering materials
All property details, uses, and plans are subject to independent verification