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5784 W US Highway 10
Ludington, MI 49431

$538,800 USD

Freestanding For Sale  •  1,477 SF

Property Details

  • Property Type Freestanding
  • Total Building Size 1,477 SF
  • Lot Size 0.51 AC
  • Building Class C
  • Year Built 1980
  • Tenancy Single
  • Zoning Commercial
40 Walk Score

Highlights

11 Years Remaining on Initial 15 Year Lease Term - Provides long-term lease stability with a substantial term remaining
2% Annual Rental Increases - Built-in rent growth creates steady income increases over time providing a hedge against inflation
Rent to Sales Ratio Below 5.25% - A low rent-to-sales ratio suggests the location is financially healthy 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 2022 - Recent upgrades tailored to the tenant reduce near-term capital needs
29,000+ Vehicles Pass the Site Every Day - High daily traffic provides strong visibility and customer exposure

Parking Details

Parking Available: Yes
Reserved: No
Spaces Provided: 15
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