Rehold

690 State St, Harbor Beach, MI 48441

9,100 SF | Retail Building | Harbor Beach, MI 48441 | $1,149,523 ($126/SF) | 7.75% Cap Rate

Asking Price $1,149,523

Property Type: Retail
Square Feet: 9,100 SF
Price / Square Foot: $126

Listing Contacts

Meghan Carroll

Connor Olandt

Property Overview

Broker of Record
Matt Fitzgerald
License No. 6505432273 (MI)

Property Details

Class: C
Year Built: 2016
Stories: 1
Lot Size (sq. ft): 53,143 SF

Highlights

Close proximity to Harbor Beach Lighthouse, and Harbor View Trail the main tourist attractions along the Harbor of Refuge.
Minimal competition as the closest national Dollar Store chain is over 18 miles from the subject property.
Attractive 7.75% return on a stabilized investment grade credit tenant.
Absolute NNN lease structure provides zero management responsibility, providing an investor with long-term passive income.
2016 build-to-suit construction for Dollar General with ± 7 years remaining on an initial 15-year term

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