400 S Ripley Blvd - Fast Food FOR SALE
Alpena, MI 49707 |
400 S Ripley Blvd
Alpena, MI 49707
HIGHLIGHTS
- 20-year corporately guaranteed lease with absolute net terms, ensuring minimal landlord responsibilities
- The tenant has occupied the property since 1986; Lease includes 10% rent increases every 5 years
- Alpena, MI is home to the largest cement plant in the country; employs over 250 workers, with an additional 100 full-time jobs supported by contractor
- Significant traffic count of 16,607 VPD on US-23, the major thoroughfare in and out of Alpena, MI
- With more than 5 residential apartment communities within 3-mile radius
- 1.6 miles away from Walmart Supercentre and 1.3 miles away from Meijer; 5.7 miles away to Alpena County Regional Airport
FOR SALE DETAILS
PRICE
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CAP RATE
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% LEASED
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TENANCY
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BUILDING DETAILS
PROPERTY NAME
Big Boy - Alpena, MI
PROPERTY TYPE
Retail
PROPERTY SUBTYPE
Fast Food
TOTAL BUILDING SIZE
4639
STORIES
1
YEAR BUILT
1965
SPRINKLERS
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PARKING SPACES
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LAND DETAILS
LAND ACRES
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LAND SF
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ZONING
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APN/PARCEL ID
091-028-000-773-00
