4244 E Blue Grass Rd - Retail FOR SALE


Mount Pleasant, MI 48858
$1,478,260 USD
248-855-6800
4244 E Blue Grass Rd, Mount Pleasant, MI for Sale
$1,478,260 USD
Retail - FOR SALE
1/3
null | 5.75% Cap Rate

4244 E Blue Grass Rd
Mount Pleasant, MI 48858


HIGHLIGHTS

  • 15-year ground lease with zero landlord responsibilities.
  • 10% rental increases every 5 years.
  • Low rent, low price point.
  • New prototype construction, scheduled to be completed in early 2025.
  • Walmart outparcel and located along main retail corridor. 

OVERVIEW

Mid-America Real Estate - Michigan, Inc. has been retained on behalf of ownership to sell the fee interest of the 1.86-acre parcel that has been long term ground leased to Valvoline Instant Oil Change in Mt Pleasant, Michigan. The site is centrally located on E. Blue Grass Road, just off US-127, Mt. Pleasant’s main retail corridor. Nearby retailers include Walmart, Sam’s Club, Menards, ALDI, JOANN, Target, and many more national and local retailers. The property is also in close proximity to Central Michigan University, hosting more than 14,000 students a semester, and Soaring Eagle Casino & Resort, bringing in 2.6 million annual visitors.

FOR SALE DETAILS

PRICE

$1,478,260 USD

PRICE/SF

$876 USD /SF

CAP RATE

5.75%

% LEASED

-

TENANCY

Single

STATUS

Under Construction

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2025

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.86 AC

LAND SF

81,022 SF

ZONING

-

APN/PARCEL ID

14-026-30-001-19

ASK ABOUT THIS PROPERTY

Eric BirnholtzMid-America Real Estate - Michigan, Inc.More Info
248-855-6800

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

Eric BirnholtzMid-America Real Estate - Michigan, Inc.More Info
248-855-6800

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