1120 E Front St
Traverse City, MI 49686
Commerce de détail Propriété À vendre

This fully leased, high-visibility retail property at 1120 E Front Street presents an appealing investment in one of Northern Michigan’s most dynamic markets. The asset hosts nationally recognized tenants Starbucks and Hungry Howie’s Pizza under NNN leases, producing a reported NOI of $123,403 and a cap rate of 6.02%. Built in 2017, the modern structure offers low-maintenance costs and sits on a 0.52-acre parcel, ensuring long-term value. Positioned at the signaled intersection of US-31 and Garfield Avenue, the property benefits from an average daily traffic count exceeding 25,000 vehicles, providing exceptional exposure.
Traverse City, noted for its waterfront appeal, regional influence, and tourism economy, drives reliable retail performance. The location’s proximity to major educational institutions, including Northwestern Michigan College, and adjacency to residential growth corridors enhances customer flow year-round. Additionally, the nearby Old Mission Peninsula Wine Trail and annual cultural events bolster visitor-driven spending. This investment ensures stable income from credit tenants in a growing market with strong household demographics and a seasonal population surge.