730 Charlevoix Ave - Freestanding FOR SALE
Petoskey, MI 49770 |
$2,076,923 USD
248-702-0288
730 Charlevoix Ave
Petoskey, MI 49770
HIGHLIGHTS
- Corporate Guarantee | S&P Credit Rating "BB+" | Ideal Low-Management Investment For a Passive Investor
- Built-To-Suit For Advance Auto Parts in 2014 | 4+ Years Remain On The Original 15-Year Lease
- Top-Performing Location Nationwide | 90th Percentile via Placer.Ai | Top 97th Percentile In Michigan | 392 Out Of 4,200 Locations Nationwide
- Firestone Roof With Transferrable Warranty | Good Through August 2034
- High Barrier Entry To Market | Priced Below Replacement Cost
- Major Tourist Destination | Over 750,000 People Annually Visit Petoskey, Charlevoix, and Boyne City
OVERVIEW
Corporate Guarantee | S&P Credit Rating "BB+" | Ideal Low-Management Investment For a Passive Investor
Built-To-Suit For Advance Auto Parts in 2014 | 4+ Years Remain On The Original 15-Year Lease
Top-Performing Location Nationwide | 90th Percentile via Placer.Ai | Top 97th Percentile In Michigan | 392 Out Of 4,200 Locations Nationwide | 4 Out Of 127 In Michigan
Lease Supports Three - 5-Year Options with 5% Rental Increases In Each Option
FOR SALE DETAILS
PRICE
$2,076,923 USD
PRICE/SF
$301 USD /SF
CAP RATE
6.5%
% LEASED
-
TENANCY
Single
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY NAME
Advance Auto Parts
PROPERTY TYPE
Retail
PROPERTY SUBTYPE
Freestanding
TOTAL BUILDING SIZE
-
STORIES
1
YEAR BUILT
2014
SPRINKLERS
-
PARKING SPACES
-
LAND DETAILS
LAND ACRES
0.48 AC
LAND SF
20,909 SF
ZONING
COP B-3
APN/PARCEL ID
52-19-06-100-038
ASK ABOUT THIS PROPERTY
Please correct the highlighted field(s).
248-702-0288
By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.
Please correct the highlighted field(s).
248-702-0288
By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.
