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    5018 Us 23 Oscoda, MI 48750

    Sponsored
    For Sale
    $2,050,000

    Dollar Tree NNN Lease, High ROI

    Property size:
    10,004 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    338
    This exceptional investment opportunity presents a newly constructed, 10,004 square foot retail building situated on a 0.69-acre lot in Oscoda, Michigan. Strategically located on the high-traffic US-23 corridor, this property boasts excellent visibility and is currently leased to a Dollar Tree under a 10-year Net-Net (NN) lease commencing October 31, 2024, and extending to November 1, 2034. The lease includes three 5-year renewal options, each with a $0.50 per square foot rent increase. This results in a substantial annual Net Operating Income (NOI) of $132,500, translating to a 6.75% capitalization rate. The property features 32 parking spaces, ensuring ample customer convenience. Built in 2024, the modern design optimizes retail functionality. The property benefits from public sewer access, paved road frontage, and is free from encroachments. This single-tenant retail center offers a secure, long-term lease with a nationally recognized tenant, minimizing landlord responsibilities and maximizing reliable cash flow and future growth potential. The property's prime location in a growing market further enhances its investment appeal.

    Property Features for 5018 Us 23

    General Information

    Property type
    Industrial properties
    Square Feet
    10,004 SF
    Lot Size
    30,056 SF

    Building Details

    Year Built
    1920
    Property Profile Location Intelligence

    Current Use by Public Records

    Industrial properties

    Map

    City
    Oscoda
    County
    Iosco
    State
    Michigan
    Longitude
    -83.32988
    Latitude
    44.42611

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    FAQs

    What type of property is this?
    Industrial property - Dollar Tree NNN Lease, High ROI
    Where is this industrial property located?
    The property is located at 5018 Us 23 Oscoda, MI.
    What is the asking price?
    The asking price for this property is $2,050,000.
    (248) 646-6200
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    5018 Us 23 Oscoda, MI 48750
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    5018 Us 23 Oscoda, MI 48750
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