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206 Cypress St
Manistee, MI 49660

$533,000 USD

Office For Sale  •  1,374 SF

Property Details

  • Property Type Office
  • Total Building Size 1,374 SF
  • Lot Size 0.34 AC
  • Building Class B
  • Year Built 1998
  • Zoning Commercial
50 Walk Score

Highlights

12 Years Remaining on Initial 15 Year Lease Term - Provides long-term lease stability
2% Annual Rental Increases - Built in rent-growth creates compounding income increases over time to hedge against inflation and create property value
Rent to Sales Ratio Below 5% - A low rent to sales ratio suggests the location is financially strong for the tenant
Drive-Thru Equipped Building - The drive-thru adds convenience for customers and supports strong sales volume
Retrofit to Tenant's Specs in 2023 - Recent upgrades tailored to the tenant reduce near-term capital needs
New Roof, HVAC, and Drive Thru

Amenities

  • Central Heating
  • Partitioned Offices
  • Reception
  • Air Conditioning

Parking Details

Parking Available: Yes
Reserved: No
Spaces Provided: 19
Type: Surface
Included in Rent: Yes
Deno Bistolarides 248-702-0288 Encore Real Estate Investment Services
Deno Bistolarides 248-702-0288 Encore Real Estate Investment Services