United States Postal Service (USPS)

12840 Grafton Rd. - Carleton MI 48117

LTV (Loan to Value)	65.00%	Current NOI	$0.00
Interest Rate	4.250%	Capital Rate	6.230%
Fixed Term	10 Years	Land Area	+/- 2.15 Acres
Amortization	25 Years	Lease Type	NN
Loan Amount	$1,105,000.00	Property Type	Public/Government
Payment	$5,986.21	Property Lease	Gov Offices
Bulding Size	0 SF	Remaining Terms	17 Years

Location Description

NNN Lenders is offering for sale to qualified investors a 100% fee simple interest in the United States Postal Service (USPS) on Grafton Road in Carleton, Michigan. The 5,181 square foot facility was constructed in 2002 using the specifications of newer post offices. The property offers a firm 17-year lease term through February 2032. The U.S. Postal Service delivers 40% of the world's total mail to 153 million addresses, over a larger geographical area than any other post in the world. This location has never been on the USPS expanded list of potential closures which may affect up to 3,700 USPS outlets. The Village of Carleton is served by a network of county roads and is located less than a mile from an interchange on the Interstate highway system (Carleton-Rockwood Road and I-275); Grafton Road is the major north-south road. The Village is situated in close proximity to the major employment, manufacturing, commercial, educational, and cultural centers of Detroit, Ann Arbor, Ypsilanti, and Toledo. With easy access to I-275, Carleton is 15 minutes from the Detroit Metropolitan Airport. Neighboring businesses include: Dollar General, Subway, Bank of America, Sunoco, Speedway, Monroe Bank & Trust, Busch's Fresh Food Market, Do It Best Hardware, and Sav-Mor, all along Grafton Road.

Highlights

Strong Commitment to Building - Almost 17 years remain on the firm lease term providing long-term income stability. Government-Backed Lease…

Property Description

Carleton is a village in Monroe County in the state of Michigan. As of 2014, Carleton's population was 2,641 people. Since 2000, it has had a population growth of 8.73 percent. The village is located within Ash Township and is served by Airport Community Schools. Detroit, located only 30 miles north east of Carleton, is the most populous city in Michigan and is the largest city on the United States–Canada border. It is a primary business, cultural, financial and transportation center in the Metro Detroit area, a region of 5.3 million people. It is a major port on the Detroit River, a strait that connects the Great Lakes system to the Saint Lawrence Seaway. With a population of over 5.3 million people, the 11-county Detroit region is larger than half of the states in the U.S. Its largest city, Detroit, is the 18th largest city in the U.S., and Money Magazine has named five Detroit area cities as Best Places to Live: Troy at 26, West Bloomfield at 37, Shelby Township at 78, Macomb Township at 84 and Ann Arbor at 100. The Detroit region has a place and experience for everyone. It is home to several world-class museums, including the Detroit Institute of Arts, the Charles. H. Wright Museum of African American History, the New Detroit Science Center, The Henry Ford, the Motown Museum, and one of the world's finest symphonies, the Detroit Symphony Orchestra. It is also home to five professional sports teams, more public golf courses than any other state, and hundreds of inland lakes.