1406 U.S. Rt 2 - Retail FOR SALE


Bessemer, MI 49911
$1,246,000 USD
812-320-8483
1406 U.S. Rt 2, Bessemer, MI for Sale
$1,246,000 USD
Retail - FOR SALE
1/3
null | 7.5% Cap Rate

1406 U.S. Rt 2
Bessemer, MI 49911


HIGHLIGHTS

  • New Build in 2020 | 10.67 Years Remaining on Absolute NNN Lease - No Landlord Responsibilities | 10% Rental Increase at Each Option | 5, 5-Year Option
  • Corporate Guarantee | Investment Grade Tenant | NYSE: DG | 20,500+ Locations in 48 States | BBB Rating by S&P
  • Resort Town - Site is Near Black River Ski Resort, Snowriver Mountain Resort, Big Powderhorn Mountain, and Blackjack Ski Area

OVERVIEW

New Build in 2020 | 10.67 Years Remaining on an Absolute NNN Lease – No Landlord Responsibilities | 10% Rental Increases in Each Five 5- Year Option | Metal Roof Corporate Guarantee| Dollar General (NYSE: DG) Has Over 20,500 Locations in 48 States | Investment Grade Tenant | BBB Rating by S&P Tenant Recently Completed an Interior Remodel, Showing Commitment to Site Resort Town Dollar General – Near Black River Ski Resort, Snowriver Mountain Resort, Big Powderhorn Mountain and Blackjack Ski Area Location Benefits from Year-Round Visitors to Nearby Recreational Areas Such as Ottawa National Forest, Lake Superior, Bluff Valley Park, Black River Falls, and the Iron Belle Trail and Others Property is Located Near Residential Areas and Local Area Retail Establishments | Five Miles from Indianhead Valley Condos Excellent Visibility from Highly Trafficked US Hwy 2, the Longest Highway in the Upper Peninsula | Connects Ironwood and Wakefield, MI

FOR SALE DETAILS

PRICE

$1,246,000 USD

PRICE/SF

$127 USD /SF

CAP RATE

7.5%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Dollar General | Resort Town

PROPERTY TYPE

Retail

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2020

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.23 AC

LAND SF

53,650 SF

ZONING

Commercial

APN/PARCEL ID

51-15-007-400

ASK ABOUT THIS PROPERTY

Damien YoderMarcus & MillichapMore Info
812-320-8483

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Damien YoderMarcus & MillichapMore Info
812-320-8483

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