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2960 W Coleman Rd
Farwell, MI 48622

$2,051,896 USD

Freestanding For Sale  •  10,566 SF

Property Details

  • Property Type Freestanding
  • Total Building Size 10,566 SF
  • Lot Size 2.07 AC
  • Building Class B
  • Year Built 2025
  • Cap Rate 6.75 %
  • Tenancy Single
0 Transit Score
6 Walk Score

Highlights

New construction on a large 2.07-acre lot
New 15-year lease with 5% rent increases every 5 years
Absolute NNN – No landlord responsibilities
18 miles northwest of Mount Pleasant, MI – Home to Central Michigan University (15,000 students)
Limited competition in the area – nearest dollar store is 10 miles away
Average household income within ten miles exceeds $79,000

Property Flyers

Cap Rate: 6.75 %

Major Tenants

Tenant SF Occupied Lease End Date
Dollar General
Jimmy Goodman 847-562-8500 The Boulder Group
Jimmy Goodman 847-562-8500 The Boulder Group