403 W Mile Rd NW - Auto Repair FOR SALE
Kalkaska, MI 49646 |
$993,243 USD
469-868-4798
403 W Mile Rd NW
Kalkaska, MI 49646
HIGHLIGHTS
- Constructed in 2011 as a built-to-suit for Advance Auto Parts.
- Tenant recently executed an early 10-year lease extension through October 2036, with two additional five-year renewal options extending potential occu
- Kalkaska is a gateway to Lake Michigan, and provides opportunity for outdoor activities in all seasons such as camping, ATVs, snowmobiles, and mountai
- Healthy average household income of $73,945 in a 5-mile radius.
- Nearby national tenants include Arby’s, Burger King, Taco Bell, McDonalds, Dollar General, Ace Hardware, and more.
- Advance Auto Parts adjusted the rent commencing in the extended term, boosting store profitability and ensuring long-term success at this location.
FOR SALE DETAILS
PRICE
$993,243 USD
PRICE/SF
$162 USD /SF
CAP RATE
7.4%
% LEASED
-
TENANCY
Single
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY NAME
Advance Auto Parts
PROPERTY TYPE
Retail
PROPERTY SUBTYPE
Auto Repair
TOTAL BUILDING SIZE
-
STORIES
1
YEAR BUILT
2011
SPRINKLERS
-
PARKING SPACES
24
LAND DETAILS
LAND ACRES
0.62 AC
LAND SF
27,007 SF
ZONING
-
APN/PARCEL ID
041-402-001-00
ASK ABOUT THIS PROPERTY
Please correct the highlighted field(s).
469-868-4798
By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.
Please correct the highlighted field(s).
469-868-4798
By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.
