1125 M 32 W - Retail FOR SALE


Alpena, MI 49707
$4,000,000 USD
248-408-1278
1125 M 32 W, Alpena, MI for Sale
$4,000,000 USD
Retail - FOR SALE
1/7
null | 5.28% Cap Rate

1125 M 32 W
Alpena, MI 49707


OVERVIEW

-Excellent opportunity with reliable cap rate. -2022 Construction, 100% occupied by Starbucks and WellNow Urgent Care. Both tenants are operating on ten-year, corporate guaranteed 10 year leases through 2032. -Property is surrounded by national retail chains in a high visibility area with 23,400 residents located within 10 miles, and an estimated 17,000 cars per day passing by on M-32.

FOR SALE DETAILS

PRICE

$4,000,000 USD

PRICE/SF

$786 USD /SF

CAP RATE

5.28%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2022

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.37 AC

LAND SF

59,518 SF

ZONING

-

APN/PARCEL ID

012-029-000-021-00

ASK ABOUT THIS PROPERTY

Rob ViscontiOn Point Realty Group, LLCMore Info
248-408-1278

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Rob ViscontiOn Point Realty Group, LLCMore Info
248-408-1278

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.