Prime Real Estate Location. The asset sits as an outparcel to a Lowe' s Home Improvement store and is next door to a new Wal-Mart Super Center and Home Depot. It is located in the major retail corridor of Petoskey, Michigan surrounded by a number of regional / national retail and restaurant outlets.
The Sperry Van Ness Colvin DeMaagd 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 renewal. Substantial increases in renewal periods