- For Sale $538,800
- Property Type Retail - Freestanding
- Property Size 1,704 SF
- Lot Size 0.63 Acre
- Property Tenancy Single Tenant
- Year Built 1980
- Year Renovated 2022
- Date Updated May 12, 2026
Description
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Highlights
- 11 Years Remaining on Initial 15 Year Lease Term - Provides long term lease stability with a substantial term remaining.
- 2% Annual Rental Increases - Built-in rent growth creates steady income increases over time providing a hedge against inflation.
- 29,000+ Vehicles Pass the Site Every Day - High daily traffic provides strong visibility and customer exposure.
- Coveted Northern Michigan Summer Vacation Community - The area benefits from seasonal tourism that can boost customer traffic and sales.
- Drive Thru Equipped Building - The drive-thru adds convenience for customers and supports strong sales volume.
- Located at a Signalized Intersection On US-10, Ludington's Main Retail Thoroughfare - This prime corner location offers excellent access and strong retail positioning.
- Rent to Sales Ratio Below 5.25% - A low rent-to-sales ratio suggests the location is financially healthy for the tenant.
- Retrofit to Tenant's Specs in 2022 - Recent upgrades tailored to the tenant reduce near-term capital needs.
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Contacts
Brandon Kassab
Encore Real Estate Investment Services
Location
Contact Listing Broker
Brandon Kassab
Encore Real Estate Investment Services