1 of 3

2 of 3

3 of 3

•  Media
• Map
• Street View

1701 W South Airport Rd
Traverse City, MI 49686

$2,750,000 USD

Storefront For Sale  •  27,907 SF

Property Details

• Property Type Storefront
• Total Building Size 194,278 SF
• Lot Size 4.46 AC
• Building Class C
• Year Built 1977
• Cap Rate 7.20 %
• Tenancy Multiple

30 Transit Score

50 Walk Score

Highlights

US LBM Holdings — 460+ locations nationwide, ~$6.8B in annual revenue

Lease renewed through August 2031 with ~5.3 years remaining on base term

One 5-year renewal option with 10% rental increase at option exercise

Industrial NNN lease — tenant responsible for taxes, insurance, utilities, CAM

Offered at 7.20% cap rate with $198,000 current annual rent

Adjacent to Cherry Capital Airport; 36,800 VPD on South Airport Road

Cap Rate:

7.20 %

Major Tenants

Tenant	SF Occupied	Lease End Date
Northern Building Supply

Public Transportation

Airport	Drive	Walk	Distance
Cherry Capital	11 min	-	3.8 mi