4528 E 4528 E Ludington Ave - Freestanding FOR SALE


Ludington, MI 49431
$2,447,724 USD
203-887-8797
4528 E 4528 E Ludington Ave, Ludington, MI for Sale
$2,447,724 USD
Freestanding - FOR SALE
1/2
null | 7.25% Cap Rate

4528 E 4528 E Ludington Ave
Ludington, MI 49431


HIGHLIGHTS

  • Long-Term Triple Net (NNN) Leases
  • Pad Site of Lowe's and Dollar Tree Fully Leased Shopping Center
  • High Performing Retail Corridor

OVERVIEW

NNN Pro is pleased to present the exclusive listing for a multitenant property including Starbucks, Great Clips, and Spectrum located at 4528 E Ludington Ave, Ludington, MI 49431. The site consists of roughly 5,648 rentable square feet of building space on an estimated 1.2-acre parcel of land. Starbucks, Great Clips, and Spectrum are all subject to long-term Triple Net (NNN) leases, with an weighted average lease term of 4.85 years. Both Starbucks and Great Clips are on 10-year NNN leases, while Spectrum has a 7-year NNN lease. The current annual rent is $177,460, and each lease includes multiple option periods.

FOR SALE DETAILS

PRICE

$2,447,724 USD

PRICE/SF

$433 USD /SF

CAP RATE

7.25%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2021

SPRINKLERS

-

PARKING SPACES

28

LAND DETAILS

LAND ACRES

1.2 AC

LAND SF

52,272 SF

ZONING

C2

APN/PARCEL ID

001-018-071-50

ASK ABOUT THIS PROPERTY

Anthony D'AmbrosiaNNN Pro GroupMore Info
203-887-8797

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Anthony D'AmbrosiaNNN Pro GroupMore Info
203-887-8797

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