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512 S Mission St
Mount Pleasant, MI 48858

$4,500 USD/MO

Freestanding For Lease  •  9,000 SF

Property Details

  • Property Type Freestanding
  • Year Built 1960
  • Total Building Size 18,104 SF
  • Tenancy Multiple
  • Building Class B
  • Zoning Commerical
0 Transit Score
83 Walk Score

1 Space Available

Name Space Use Size Rent Details
1st Floor Ste Retail 9,000 SF $6.00 USD/SF/YR
•	18,104 SF Retail property For Sale in Mt Pleasant
•	9,000 SF For Lease with a rate of $6.00/SF NNN
•	$1,399,000 purchase price on a Sale Leaseback at 7% Cap rate
•	2 tenants producing an NOI of $107,000
•	Seller will sign a 7-year lease with a 7-year option with a 10% bump
•	Building has been completely renovated in 2022
•	Upstairs tenant has a 3-year lease with two 3-year options

  • Date available: Now
  • Lease term: Negotiable
  • Service type: Triple Net
  • Built out as: Standard Retail
  • Space Type: Relet

Description

•	18,104 SF Retail property For Sale in Mt Pleasant
•	9,000 SF For Lease with a rate of  $8.00/SF NNN
•	$1,399,000 purchase price on a Sale Leaseback at 7% Cap rate
•	2 tenants producing an NOI of $107,000
•	Seller will sign a 7-year lease with a 7-year option with a 10% bump
•	Building has been completely renovated in 2022
•	Upstairs tenant has a 3-year lease with two 3-year options

Property Flyers

Amenities

  • Air Conditioning

Public Transportation

AirportDriveWalkDistance
MBS International 58 min - 40.1 mi

Parking Details

Parking Available: Yes
Reserved: No
Spaces Provided: 13
Type: Surface
Included in Rent: Yes
Michael Koenigbauer 248-226-1635 Colliers
Michael Koenigbauer 248-226-1635 Colliers