1406 US Hwy 2 E - Retail FOR SALE


Bessemer, MI 49911
$1,272,109 USD
812-320-8483
1406 US Hwy 2 E, Bessemer, MI for Sale
$1,272,109 USD
Retail - FOR SALE
1/4
null | 7.35% Cap Rate

1406 US Hwy 2 E
Bessemer, MI 49911


HIGHLIGHTS

  • Absolute NNN Lease - No Landlord Responsibilities | Metal Roof
  • Resort Town Dollar General – Near Black River Ski Resort, Snowriver Mountain Resort, Big Powderhorn Mountain and Blackjack Ski Area
  • New Build in 2020 | 11+ Years Remaining on an Absolute NNN Lease – No Landlord Responsibilities | 10% Rental Increases in Each Five 5-Year Option

OVERVIEW

Resort Town Dollar General – Near Black River Ski Resort, Snowriver Mountain Resort, Big Powderhorn Mountain and Blackjack Ski Area Location Benefits from Year-Round Visitors to Nearby Recreational Areas Such as Ottawa National Forest, Lake Superior, Bluff Valley Park, Black River Falls, and the Iron Belle Trail and Others Property is Located Near Residential Areas and Local Area Retail Establishments | 5 Miles from Indianhead Valley Condos Excellent Visibility from Highly Trafficked US Hwy 2, the Longest Highway in the Upper Peninsula | Connects Ironwood and Wakefield, MI New Build in 2020 | 11+ Years Remaining on an Absolute NNN Lease – No Landlord Responsibilities | 10% Rental Increases in Each Five 5-Year Option | Metal Roof Corporate Guarantee| Dollar General (NYSE: DG) Has Over 20,000 Locations in 48 States | Investment Grade Tenant | BBB Rating by S&P

FOR SALE DETAILS

PRICE

$1,272,109 USD

PRICE/SF

$140 USD /SF

CAP RATE

7.35%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Dollar General | Resort Town

PROPERTY TYPE

Retail

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2020

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.31 AC

LAND SF

57,064 SF

ZONING

Commercial

APN/PARCEL ID

51-15-004-200

ASK ABOUT THIS PROPERTY

Damien YoderMarcus & MillichapMore Info
812-320-8483

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Damien YoderMarcus & MillichapMore Info
812-320-8483

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