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701 Joe Mann Blvd
Midland, MI 48642

$1,945,000 USD

Storefront For Sale  •  14,624 SF

Property Details

  • Property Type Storefront
  • Total Building Size 14,585 SF
  • Lot Size 2.9 AC
  • Building Class B
  • Year Built 1993
  • Cap Rate 7.00 %
  • Tenancy Single
  • Zoning RC
40 Walk Score

Highlights

Recently Extended Lease– Harbor Freight waived an early termination option & extended the lease.
Scheduled Rent Increases – 10% rental escalations every five years (next in 2031).
Immediate Highway Access - The site is less than one mile from the US-10 interchange which carries 24,000 vehicles per day.
National Retail Corridor - The property sits along Joe Mann Boulevard alongside Meijer, Target, Kohl’s, Home Depot, Walmart Supercenter, Lowe’s, and M
Nearby Healthcare Anchor - The property is within proximity to MyMichigan Medical Center Midland, a 324-bed regional hospital.
University Proximity - Northwood University, a private university headquartered in Midland, is located within the immediate trade area.

Property Flyers

Cap Rate: 7.00 %

Major Tenants

Tenant SF Occupied Lease End Date
Harbor Freight Tools 6/30/2036

Amenities

  • Corner Lot
  • Pylon Sign
  • Signage

Public Transportation

AirportDriveWalkDistance
MBS International 26 min - 16.3 mi

Parking Details

Parking Available: Yes
Reserved: No
Spaces Provided: 164
Type: Surface
Included in Rent: Yes
John Feeney 847-664-9557 The Boulder Group
John Feeney 847-664-9557 The Boulder Group