5784 W US Highway 10 - Freestanding FOR SALE
Ludington, MI 49431 |
$538,800 USD
248-702-0288
5784 W US Highway 10
Ludington, MI 49431
HIGHLIGHTS
- 11 Years Remaining on Initial 15 Year Lease Term - Provides long-term lease stability with a substantial term remaining
- 2% Annual Rental Increases - Built-in rent growth creates steady income increases over time providing a hedge against inflation
- Rent to Sales Ratio Below 5.25% - A low rent-to-sales ratio suggests the location is financially healthy for the tenant
- Drive Thru Equipped Building - The drive-thru adds convenience for customers and supports strong sales volume
- Retrofit to Tenant's Specs in 2022 - Recent upgrades tailored to the tenant reduce near-term capital needs
- 29,000+ Vehicles Pass the Site Every Day - High daily traffic provides strong visibility and customer exposure
FOR SALE DETAILS
PRICE
$538,800 USD
PRICE/SF
$365 USD /SF
CAP RATE
6.75%
% LEASED
-
TENANCY
Single
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY NAME
Domino's
PROPERTY TYPE
Retail
PROPERTY SUBTYPE
Freestanding
TOTAL BUILDING SIZE
-
STORIES
1
YEAR BUILT
1980
SPRINKLERS
-
PARKING SPACES
15
LAND DETAILS
LAND ACRES
0.51 AC
LAND SF
22,216 SF
ZONING
Commercial
APN/PARCEL ID
010-014-200-040-00
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248-702-0288
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248-702-0288
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