91 W Pine Lake Dr - Freestanding FOR SALE


Newaygo, MI 49337
$2,326,150 USD
248-254-3406
91 W Pine Lake Dr, Newaygo, MI for Sale
$2,326,150 USD
Freestanding - FOR SALE
1/11
null | 6.5% Cap Rate

91 W Pine Lake Dr
Newaygo, MI 49337


HIGHLIGHTS

  • 34,886 SF building Only $66 per square foot.
  • Ideal demographics for TSC. 10 years left on original 15 year term 100% occupancy.
  • New roof in 2024 with 15 year warranty.

OVERVIEW

Fortis Net Lease is pleased to present a prime investment opportunity at 91 W Pine Lake Dr, Newaygo, MI, 49337. This expansive 34,886 SF building, located in the sought-after Newaygo area, is 100% occupied, presenting a compelling investment proposition. 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. At only $151,200 in annual rent TSC is benefiting greatly with this low occupancy costs. The majority of newer construction sites, which are also smaller buildings by nearly half, have rents three times higher than here in Newaygo.

FOR SALE DETAILS

PRICE

$2,326,150 USD

PRICE/SF

$65 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

2000

SPRINKLERS

-

PARKING SPACES

85

LAND DETAILS

LAND ACRES

3.71 AC

LAND SF

161,608 SF

ZONING

C-2

APN/PARCEL ID

19-30-130-012

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.