- For Sale $533,000
- Property Type Retail - Street Retail
- Property Size 1,332 SF
- Lot Size 0.35 Acre
- Property Tenancy Single Tenant
- Year Built 1998
- Year Renovated 2023
- Date Updated May 12, 2026
Description
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Highlights
- 12 Years Remaining on Initial 15 Year Lease Term - Provides longterm lease stability.
- 2% Annual Rental Increases - Built in rent-growth creates compounding income increases over time to hedge against inflation and create property value.
- Coveted Northern Michigan Summer Destination - The area benefits from seasonal tourism that boosts customer traffic and sales.
- Drive-Thru Equipped Building - The drive-thru adds convenience for customers and supports strong sales volume.
- New Roof, HVAC, and Drive Thru Located on Manistee's Main Retail Thoroughfare - This prime location offers excellent access and strong retail positioning nearby all of the national and regional tenants.
- Rent to Sales Ratio Below 5% - A low rent to sales ratio suggests the location is financially strong for the tenant.
- Retrofit to Tenant's Specs in 2023 - 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