Available For Sale - Industrial , Warehouse

8,040 SF | Show Pricing $

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AVAILABILITY DETAILS

Size
8,040 SF
Price/SF
Show Pricing $
Listing ID
SA448777
Notes
Virtual Tour :

https://www.youtube.com/watch?v=...



VITAL DATA (STORE #6328)

Price $730,000

Cap Rate 7.75%

Gross Leasable Area 8,040 Square Feet

Lot Size 0.56 Acres +/-

Year Built/Renovated 1940/2002

Parking Approximately 16 Spaces



INVESTMENT HIGHLIGHTS



» Single-Tenant, Net Leased Dollar General Corporate Store Located in Bustling Central Business, Marina & Riverwalk District

» Subject Property Features 8,040-Square-Feet of Retail Area on a 0.56 Acre-Lot with Approximately 16 Parking Spaces and Easy Ingress/Egress Investment-Grade Tenant Dollar General is the Country’s Largest Small-Box Discount Retailer with Over 16,000 Stores, and a Credit Rating of BBB by Standard & Poor’s

» Top Performing Store Near Manistee Riverwalk & Marina with Sales Reportedly Well-Above Average Regional Average, Store Offers High Convenience in a Market with Little Competition | Nearby US-31 Sees Over 16,000 VPD and Traverses the Entire State

» Nearby Retail Tenants Include Dairy Queen, A&W Restaurant, Little Caesars Pizza, Goodwill, Rite Aid, Dunham’s, Walgreens, Advance Auto Parts, Save-A-Lot, Family Dollar, Wendy’s, McDonald’s and More

» Nearby Lake Michigan and Lake Manistee Waterfront Brings Large Numbers of People to the Immediate Vicinity for Outdoor Recreation Including Beaches, Parks, Lighthouses, Riverwalk, Boating, and More

» Subject is Proximate to Manistee Hospital, a 45-Bed Acute Care Facility, Just Three Miles Away | Manistee is Home to Major Area Employers Including Packaging Corporation of America, Morton Salt, and Martin Marietta, Among Others

» There are 2,684 Households and 6,114 People

Residing in Manistee, as of 2019 (Source: Census.gov)

» Downtown Manistee Features Historic Victorian

Architecture with Guided Tours that Pass by the

Property | Boutiques, Restaurants, Antique Stores and Vogue Theatre Line The Business District’s Riverwalk

» Over 4,000 Students Across Seven Schools within a Five-Mile Radius of the Subject Property (Source: PublicSchoolReview.com)

» Subject is Located Only 4.4 Miles from Manistee County Blacker Airport Seeing Nearly 10,000 Passengers Connecting in Chicago to O’Hare International Airport

and Beyond
Uses
Industrial
Warehouse

This information has been obtained from sources believed reliable. We have not verified it and make no guarantee, warranty or representation about it. Any projections, opinions, assumptions or estimates used are for example only and do not represent the current or future performance of the property. You and your advisors should conduct a careful, independent investigation of the property to determine to your satisfaction the suitability of the property for you needs.

Listing provided courtesy of
Jesse Limon, Marcus & Millichap - NYC