Colliers Detroit is pleased to announce Simon Jonna, Executive Vice President, of The Jonna Group, completed the sale of a 20,000 SF grocery store situated on a 1.63 acre parcel at 303 South Parker Street in Marine City, Michigan.
“Buyers have had a strong appetite for single-tenant grocery product and “essential” or “needs-based” tenants. This asset having an absolute triple-net lease attracted several investors looking for a strong retail sector with long-term durable cash flow” - Simon Jonna, Executive Vice President
Simon Jonna represented both the seller, a local developer, and the buyer, a private investor based on the West Coast, in this transaction.