Stan Johnson Company is pleased to offer for sale to qualified investors a 6,895 square-foot freestanding Advance Auto Parts property located in Petoskey, Michigan. The subject property is 0.52 acres on the corner of Charlevoix Road and Spring Street (46,185 VPD). It is located just 0.3 miles south of McLaren Northern Michigan Hospital, a 202-bed regional medical center. The hospital employs 1,700 colleagues designated to provide the residents in 22 counties with specialized care. Advance Auto is just 1 mile north of the Odawa Casino Resort, which features a 137 room hotel and over 50,000 SF of casino and gaming space. Also located 0.3 miles from the subject property is Bay Mall, a 116,497 Power Center anchored by Bed, Bath & Beyond, Peebles, and Dunham Sports.
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The Sperry Van Ness Colvin Team is proud to offer this fantastic hard corner location leased to Rite Aid Corporation through 12/10/2017, at the intersection of two main highways in high income Petoskey MI, a very attractive year around vacation community on Lake Michigan. Signalized intersection across from the new McDonald's. Rite Aid has a drive through and is right next to the hospital. Assumable loan fixed at 6% provides easy financing in place already with Farm Bureau Insurance. NN+ leased to Rite Aid Corp through 12/10/2017 plus 5 five year renewals with generous increases.