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Tractor Supply Co 717 E Lakeshore Dr 44,076 SF Retail Building Manistique, MI 49854 $3,246,910 CAD ($73.67 CAD/SF) 6.50% Cap Rate
INVESTMENT HIGHLIGHTS
- 44,076 SF building space. Incredibly low rent and price per square foot.
- Strong market demand in the area.
- New roof in 2013 with 15 year warranty.
- Fully leased with 100% occupancy.
- Only $3.26 per square foot in rent Priced at only $53 PSF!
EXECUTIVE SUMMARY
Fortis Net Lease is pleased to present a prime investment opportunity in the heart of Manistique, MI: 717 East Lake Shore Drive. This 44,076 SF building offers a lucrative prospect for retail and vehicle-related investors with its 100% occupancy rate. Additionally the tenant is investing nearly $1m of their own funds to renovate and update this store to their new Fusion Format which drastically increase the quantity and types of goods sold. https://vimeo.com/471378428/334812f7c4
TSC benefits from an incredibly low rent. The majority of new construction sites are charging 3-4x this annual rent for buildings that are half the size. This ensure long term profitability at this locations.
TSC benefits from an incredibly low rent. The majority of new construction sites are charging 3-4x this annual rent for buildings that are half the size. This ensure long term profitability at this locations.
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Freestanding
Building Size
44,076 SF
Building Class
B
Year Built
1983
Price
$3,246,910 CAD
Price Per SF
$73.67 CAD
Cap Rate
6.50%
NOI
$211,063 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.26
Lot Size
3.93 AC
Opportunity Zone
Yes
Zoning
Commercial - Commercial Zoned District
Parking
50 Spaces (1.13 Spaces per 1,000 SF Leased)
Frontage
200’ on E Lakeshore Dr
AMENITIES
- Signage
- Monument Signage
- Air Conditioning
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 051-600-040-50 | Improvements Assessment | $0 CAD |
| Land Assessment | $0 CAD | Total Assessment | $930,384 CAD |
PROPERTY TAXES
Parcel Number
051-600-040-50
Land Assessment
$0 CAD
Improvements Assessment
$0 CAD
Total Assessment
$930,384 CAD
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Tractor Supply Co | 717 E Lakeshore Dr
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