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403 W Mile Rd NW
Kalkaska, MI 49646

$993,243 USD

Auto Repair For Sale  •  6,124 SF

Property Details

  • Property Type Auto Repair
  • Total Building Size 6,124 SF
  • Lot Size 0.62 AC
  • Building Class C
  • Year Built 2011
  • Cap Rate 7.40 %
  • Tenancy Single
0 Transit Score
55 Walk Score

Highlights

Constructed in 2011 as a built-to-suit for Advance Auto Parts.
Tenant recently executed an early 10-year lease extension through October 2036, with two additional five-year renewal options extending potential occu
Kalkaska is a gateway to Lake Michigan, and provides opportunity for outdoor activities in all seasons such as camping, ATVs, snowmobiles, and mountai
Healthy average household income of $73,945 in a 5-mile radius.
Nearby national tenants include Arby’s, Burger King, Taco Bell, McDonalds, Dollar General, Ace Hardware, and more.
Advance Auto Parts adjusted the rent commencing in the extended term, boosting store profitability and ensuring long-term success at this location.
Cap Rate: 7.40 %

Major Tenants

Tenant SF Occupied Lease End Date
Advance Auto Parts

Public Transportation

AirportDriveWalkDistance
Cherry Capital 34 min - 23.0 mi

Parking Details

Parking Available: Yes
Reserved: No
Spaces Provided: 24
Type: Surface
Included in Rent: Yes
Landon Reynolds 469-868-4798 Matthews Real Estate Investment Services
Landon Reynolds 469-868-4798 Matthews Real Estate Investment Services