717 E Lakeshore Dr - Freestanding FOR SALE


Manistique, MI 49854
$2,326,000 USD
248-254-3406
717 E Lakeshore Dr, Manistique, MI for Sale
$2,326,000 USD
Freestanding - FOR SALE
1/1
null | 6.5% Cap Rate

717 E Lakeshore Dr
Manistique, MI 49854


HIGHLIGHTS

  • 44,076 SF building space. Incredibly low rent and price per square foot.
  • Fully leased with 100% occupancy.
  • Strong market demand in the area.
  • Only $3.26 per square foot in rent Priced at only $53 PSF!
  • New roof in 2013 with 15 year warranty.

OVERVIEW

Fortis Net Lease is pleased to present a prime investment opportunity in the heart of Manistique, MI: 717 East Lake Shore Drive. This 44,076 SF building offers a lucrative prospect for retail and vehicle-related investors with its 100% occupancy rate. Additionally the tenant is investing nearly $1m of their own funds to renovate and update this store to their new Fusion Format which drastically increase the quantity and types of goods sold. https://vimeo.com/471378428/334812f7c4 TSC benefits from an incredibly low rent. The majority of new construction sites are charging 3-4x this annual rent for buildings that are half the size. This ensure long term profitability at this locations.

FOR SALE DETAILS

PRICE

$2,326,000 USD

PRICE/SF

$53 USD /SF

CAP RATE

6.5%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Tractor Supply Co

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1983

SPRINKLERS

-

PARKING SPACES

50

LAND DETAILS

LAND ACRES

3.93 AC

LAND SF

171,191 SF

ZONING

Commercial

APN/PARCEL ID

051-600-040-50

ASK ABOUT THIS PROPERTY

Robert BenderFortis Net LeaseMore Info
248-254-3406

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Robert BenderFortis Net LeaseMore Info
248-254-3406

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