Contacts
Nick Yaldo
Encore Real Estate Investment Services
Property Details
- Property Type Retail - Freestanding
- Property Size 6,895 SF
- Lot Size 0.52 Acre
- Additional Rent Contact for pricing
- Property Tenancy Single Tenant
- Year Built 2014
- Date Updated Nov 5, 2024
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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 | 4 Out Of 127 In Michigan
- Lease Supports Three - 5-Year Options with 5% Rental Increases In Each Option
- Firestone Roof With Transferrable Warranty | Good Through August 2034
- High Barrier Entry To Market | Priced Below Replacement Cost
- Directly Next To McLaren Northern Michigan Hospital | A 202-Bed Regional Hospital Serving 22 Counties | 950 Employees | Emmet Counties Largest Employer
- Excellent Visibility At The Hard Corner Lighted Intersection Of Highway 131 and Charlevoix Ave | Over 56,414 VPD+
- 15,954 People Within 5 Miles of The Subject Property | Average HH Income Within 5 Miles Exceeds $94,000
- Major Tourist Destination | Over 750,000 People Annually Visit Petoskey, Charlevoix, and Boyne City
- 1 Mile To Bear Creek Plaza a 750,000+/- SF Power Center Anchored By Lowes, The Home Depot, Aldi, Walmart Supercenter, and Odawa Casino and Resort
- 1 Mile To Victories Square Petoskey, MI I A 22- Acre Multi-District Development Which Would Include Hospitality, HealthCare, Housing, and Retail
Getting around
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Walk Score ®
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Bike Score ®
Location
- City Petoskey, MI
- Zip Code 49770
Points of Interest
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Next Door Store
0.12 miles
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BP
0.15 miles
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Marathon
0.38 miles
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Petoskey Pacific Pride
0.85 miles
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JBJ Trucking
1.61 miles
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Meijer
1.71 miles
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Citgo
2.43 miles
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Mobil
2.80 miles
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D&W Quick Stop
2.92 miles
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Shell
3.30 miles
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Bear River Trail Sheridan Street Trailhead
0.62 miles
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Little Traverse Wheelway Trailhead
4.91 miles
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Krause Rd
5.23 miles
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Challenger lot
7.36 miles
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Tanton Family Reserve MTB Trailhead
7.79 miles
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Boyne City School Forest Trail
7.82 miles
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Boyne Forest Trails - East Trailhead Parking Lot
7.83 miles
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Boyne Forest Trails - West Trailhead Parking Lot
8.37 miles
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East Brutus Road Trailhead Parking
9.38 miles
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Wendy's
0.02 miles
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Subway
0.09 miles
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Burger King
0.11 miles
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McDonald's
0.11 miles
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Big Boy
0.14 miles
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Villa Ristorante
0.17 miles
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JW Filmores
0.19 miles
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B.C. Pizza
0.27 miles
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Arby's
0.39 miles
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Nagoya
0.47 miles
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Gordon Food Service
0.49 miles
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Big Lots
0.71 miles
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Grain Train Natural Foods Market
0.76 miles
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Walmart Supercenter
1.42 miles
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ALDI
1.61 miles
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Meijer
1.68 miles
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Louie's Fresh Market
2.51 miles
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D&W Fresh Market
3.01 miles
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Oleson's
4.54 miles
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Harbor Springs IGA
4.61 miles
In-Depth Research Available for this Property
Access more in-depth information about this property — including ownership, tenant details, property characteristics and transaction history, along with local market insights and much more — on CommercialEdge.
Contact Listing Broker
Nick Yaldo
Encore Real Estate Investment Services