1701 W South Airport Rd - Storefront FOR SALE
Traverse City, MI 49686 |
$2,750,000 USD
310-844-9368
1701 W South Airport Rd
Traverse City, MI 49686
HIGHLIGHTS
- US LBM Holdings — 460+ locations nationwide, ~$6.8B in annual revenue
- Lease renewed through August 2031 with ~5.3 years remaining on base term
- One 5-year renewal option with 10% rental increase at option exercise
- Industrial NNN lease — tenant responsible for taxes, insurance, utilities, CAM
- Offered at 7.20% cap rate with $198,000 current annual rent
- Adjacent to Cherry Capital Airport; 36,800 VPD on South Airport Road
FOR SALE DETAILS
PRICE
$2,750,000 USD
PRICE/SF
$99 USD /SF
CAP RATE
7.2%
% LEASED
-
TENANCY
Multiple
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY NAME
US LBM
PROPERTY TYPE
Retail
PROPERTY SUBTYPE
Storefront
TOTAL BUILDING SIZE
-
STORIES
1
YEAR BUILT
1977
SPRINKLERS
-
PARKING SPACES
-
LAND DETAILS
LAND ACRES
4.46 AC
LAND SF
194,278 SF
ZONING
-
APN/PARCEL ID
05-187-019-00
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310-844-9368
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310-844-9368
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