MI > Oscoda > Mi
Oscoda, MI 48750 9501,5018 N US 23 Highway
Oscoda, MI 48750 9501,5018 N US 23 Highway
Oscoda, MI 48750 9501,5018 N US 23 Highway
Oscoda, MI 48750 9501,5018 N US 23 Highway
Oscoda, MI 48750 9501,5018 N US 23 Highway
Oscoda, MI 48750 9501,5018 N US 23 Highway
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Place Perfect Realty

Place Perfect Realty

+1(920) 956-9061
$ 2,050,000
Est. payment | /mo

10,004 SqFt

Save
$ 2,050,000
Est. payment | /mo
Save

10,004 SqFt

Key Details

Property Type Commercial

Sub Type Commercial/Industrial

Listing Status Active

Purchase Type For Sale

Square Footage 10,004 sqft

Price per Sqft $204

Subdivision Mi

MLS Listing ID 60340171

Annual Tax Amount $6,214

Lot Size 0.690 Acres

Acres 0.69

Lot Dimensions 155x154x193x199

Property Sub-Type Commercial/Industrial

Property Description

Fantastic investment opportunity with a newly built retail shopping center leased to a single-tenant Dollar Tree at 5018 N US-23, Oscoda, MI 48750. Completed in 2024, this property is strategically located along the high-traffic US-23 corridor in Oscoda Township, offering excellent visibility. The Dollar Tree is secured under a 10-year NN (Double Net) lease, starting October 31, 2024, to November 1, 2034, featuring $0.50 rent bumps every 5 years. There are three 5-year renewal options with the same rent bumps, ensuring stable and growing income. The property delivers a Net Operating Income (NOI) of $132,500 annually with a 6.75% cap rate, providing a solid return for investors. Set on a 0.69-acre lot, the property includes 32 parking spaces, supporting high customer traffic. The building's modern design enhances retail success, and its prime location in a growing market area adds further value. The property is connected to public sewer, has paved road frontage, and is free of encroachments, making it a hassle-free investment. With strong lease terms, a reputable national tenant, and minimal landlord responsibilities, this single-tenant retail center offers reliable cash flows and future growth potential. Don't miss this chance to own a newly built, high-demand retail property with a secure, long-term lease.

Location

State MI

County Iosco

Area Oscoda Twp (35006)

Zoning Commercial

Interior

Heating Forced Air

Exterior

Roof Type Metal

Building

Foundation Slab

Water Public Water

Structure Type Brick

Others

Ownership Private

Energy Description Natural Gas

Financing Cash,Conventional

MiRealSource (MI RealSource (Lenawee /Saginaw/SE-Border/Gr Shiawassee/Upper Peninsula)
Provided through IDX via MiRealSource. Courtesy of MiRealSource Shareholder. Copyright MiRealSource.
Listed by Berkshire Hathaway HomeServices Kee Realty Bham
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"Professional service to our clients & customers is our #1 priority. With offices in Marinette,  Green Bay Wisconsin and Menominee, Michigan, Place Perfect Realty provides real estate services to Northeast Wisconsin and Upper Michigan."

+1(920) 956-9061

homes@placeperfect.com

2056 Maple Ave, Marinette, WI, 54143-1713, USA

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5018 N US 23 Highway