216 M-35 - Retail FOR SALE


Gwinn, MI 49841
$1,218,930 USD
773-963-2637
216 M-35, Gwinn, MI for Sale
$1,218,930 USD
Retail - FOR SALE
1/6
null | 8.5% Cap Rate

216 M-35
Gwinn, MI 49841


HIGHLIGHTS

  • Prominent M-35 Frontage with Strong Visibility.
  • Upper Peninsula Location with Outdoor Recreation Demand.
  • Essential Retailer Servicing a Rural Trade Area.
  • Recently acquired by a private equity group and currently undergoing a nationwide store reinvestment program.

OVERVIEW

Northmarq is pleased to present Family Dollar, a 9,180 SF asset located at 234 M-35, Gwinn, MI 49841. The property is offered at $1,218,930, representing a 8.50% cap rate on current NOI of $103,609. The asset is leased to Family Dollar with 4+ years of term remaining. The property benefits from strong highway frontage, upper peninsula location and being an essential retailer in a rural trade area.

FOR SALE DETAILS

PRICE

$1,218,930 USD

PRICE/SF

$133 USD /SF

CAP RATE

8.5%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Family Dollar

PROPERTY TYPE

Retail

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2015

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.38 AC

LAND SF

60,113 SF

ZONING

MU

APN/PARCEL ID

52-05-122-032-00

ASK ABOUT THIS PROPERTY

Isaiah HarfNorthmarqMore Info
773-963-2637

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Isaiah HarfNorthmarqMore Info
773-963-2637

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