5299 N Us Highway 23 - Freestanding FOR SALE


Oscoda, MI 48750
$408,750 USD
312-957-7212
5299 N Us Highway 23, Oscoda, MI for Sale
$408,750 USD
Freestanding - FOR SALE
1/6
null | 9.5% Cap Rate

5299 N Us Highway 23
Oscoda, MI 48750


HIGHLIGHTS

  • Recent Lease Extension
  • Scheduled Rent Increases
  • Minimal Landlord Responsibilities
  • Corporate Lease
  • Strategic Retail Location
  • Recession Resistant Tenant

OVERVIEW

Horvath & Tremblay is pleased to present the exclusive opportunity to purchase a freestanding Family Dollar investment property located at 5299 N Us Highway 23 in Oscoda, Michigan (the “Property”). Family Dollar has occupied this build-to-suit location since 1998 and has continuously exercised their renewal options demonstrating their commitment to the site and the market. Family Dollar has 3+ years remaining on their lease with two (2), 5-year renewal options. The lease features attractive rent increases at the start of each renewal option. Family Dollar is positioned at the intersection of F41 and N US Highway 23, the area’s primary commercial and commuter corridors. Family Dollar is positioned in the center of Oscoda and enjoys convenient access to the area schools, national retailers and restaurants that drive traffic to the area as well as the Wurtsmith District, which supports a mix of commercial and aviation-related enterprises. Family Dollar enjoys outstanding frontage and visibility and is just two blocks from the shores of Lake Huron. The Property is within 1.5-miles of several marinas and beaches that draw significant traffic to the area.

FOR SALE DETAILS

PRICE

$408,750 USD

PRICE/SF

$58 USD /SF

CAP RATE

9.5%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Family Dollar

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

ADD'L SUBTYPES

Storefront

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1998

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.75 AC

LAND SF

32,670 SF

ZONING

-

APN/PARCEL ID

-

ASK ABOUT THIS PROPERTY

Michael MintzHorvath & TremblayMore Info
312-957-7212

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Michael MintzHorvath & TremblayMore Info
312-957-7212

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