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3180 S Airport Dr
Traverse City, MI 49684
Pet Supplies Plus · Retail Property For Sale
Investment Highlights
- Excellent Location Within Traverse City’s Premier Retail Corridor
- Below Market Rent
- Limited Landlord Responsibilities
- Pet Supplies Plus – Proven National Brand / High Reported Sales
- Traverse City – High-Growth, Tourism-Driven Market
Executive Summary
Landmark Investment Sales is pleased to offer the opportunity to acquire a Pet Supplies Plus outlot located along Traverse City’s premier retail corridor on Airport Road. The property is positioned as an outlot to Grand Traverse Mall and is surrounded by dominant national retailers including Target, Lowe's, Walmart, and Home Depot. Pet Supplies Plus reports unit-level sales at this location that significantly exceed brand averages, highlighting the strength of the site and trade area. The lease features below-market rent at $18.00 PSF, offering investors strong in-place income with future rental upside.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Freestanding
Building Size
8,963 SF
Building Class
C
Year Built/Renovated
1994/2022
Price
$3,459,111 CAD
Price Per SF
$385.93 CAD
Cap Rate
7%
NOI
$242,138 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.15
Lot Size
1.33 AC
Opportunity Zone
Yes
Property Taxes
| Parcel Number | 05-021-015-50 | Improvements Assessment | $0 CAD |
| Land Assessment | $0 CAD | Total Assessment | $946,491 CAD |
Property Taxes
Parcel Number
05-021-015-50
Land Assessment
$0 CAD
Improvements Assessment
$0 CAD
Total Assessment
$946,491 CAD
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