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RX Optical - Availability Details

111 N US 131, Three Rivers, MI 49093

  • For Sale $992,115
  • Property Type Retail - Street Retail
  • Property Size 2,520 Sqft
  • Lot Size 0.74 Acre
  • Property Tenancy Single Tenant
  • Year Built 1990
  • Year Renovated 2015
  • Date Updated Aug 16, 2021
Three Rivers is a city in St. Joseph County in southwestern Michigan, approximately 20 miles south of Kalamazoo. The population was 7,811 at the 2010 census. Three Rivers derives its name from its location at the confluence of the St. Joseph River and two tributaries, the Rocky and Portage rivers. The St. Joseph River flows into Lake Michigan. The city is the home of St. Gregory's Abbey, a Benedictine monastery of the Episcopal Church, which was established in 1946.
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Location

  • City Three Rivers, MI
  • Neighborhood Three Rivers
  • Zip Code 49093

Contacts

broker

Abe Leon

Fortis Net Lease

(248) 419-3625

Highlights

  • 15 year extension (2015) with 2% Annual Increases.
  • Long time tenant - 30 years at this location
  • 2015 Building Re-image and renovation
  • Average CAP Rate 6.67%
  • Minimal Landlord Responsibility - Roof and Structure Only
  • Long term passive income with limited Landlord Responsibility
  • Strong Corporate guarantee by MED Parentco. LP (MyEyeDr.) - 731 locations
  • Great Retail Corridor across the street from Walmart and surrounded by national retail brands

Frequently Asked Questions

What year was RX Optical built and finished?

RX Optical was completed in 1990.

Contact Listing Broker

broker

Abe Leon

Fortis Net Lease

(248) 419-3625

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