3209 Thumb Lake Rd - Freestanding FOR SALE


Boyne Falls, MI 49713
$1,291,000 USD
248-444-6861
3209 Thumb Lake Rd, Boyne Falls, MI for Sale
$1,291,000 USD
Freestanding - FOR SALE
1/1
null | 7.25% Cap Rate

3209 Thumb Lake Rd
Boyne Falls, MI 49713


HIGHLIGHTS

  • Includes two (2) acres of additional land for development.
  • Rare residual value due to proximity to Boyne Mountain Resort.
  • Ten years remaining on absolute net lease - Expires 2035

OVERVIEW

Dollar General reimburses for taxes Charlevoix County population swells 72% during the summer. Includes two (2) acres of additional land for development. Rare residual value due to proximity to Boyne Mountain Resort. Only ‘convenience’ store in Boyne Falls Year-round customer base with nearby Boyne Mountain Resort. Ten years remaining on absolute net lease - Expires 2035. Just 1.5 miles from Boyne Mountain Resort and Golf. Located at the intersection of US 131 and Thumb Lake Road. Placer ranking - 79% of all Michigan stores and 87% within 50-mile radius.

FOR SALE DETAILS

PRICE

$1,291,000 USD

PRICE/SF

$142 USD /SF

CAP RATE

7.25%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Dollar General

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2020

SPRINKLERS

-

PARKING SPACES

30

LAND DETAILS

LAND ACRES

3 AC

LAND SF

130,680 SF

ZONING

C-1

APN/PARCEL ID

00201000000

ASK ABOUT THIS PROPERTY

John NuzmanMarcus & MillichapMore Info
248-444-6861

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John NuzmanMarcus & MillichapMore Info
248-444-6861

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