Single-Tenant NNN Retail
For Sale
Contact for pricing
1050 E Main St, Morenci, MI 49256
Freestanding building leased to Skymint under an absolute NNN structure.
Property Size2,206 SF
Lot Size1.00 Acre
Price / SF$965.32
Days on Market150
Property Features for 1050 E Main St
General Information
Standard status
Active
Size
2,206 SF
Lot size
1.00 Acre
Property subtype
Retail
Lease Type
Absolute Net
Net Operating Income
$266,188
Building Details
Buildings
1
Stories
1
Tenancy
Single
Listing Agency:
Northmarq - Chicago
(312) 858-6725
Listed By:
Christian Tremblay · License #475165868
Source:
Crexi
Added: Apr 3
Changed: Aug 30
Last Checked: Aug 30 at 2:43AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Northmarq - Chicago
Investment Insights
Based on property information with market context.
This fee simple retail asset consists of a 2,206-square-foot freestanding building on approximately 1.00 acre at 1050 E Main St in Morenci, Michigan. The property is occupied by The District Park LLC, doing business as Skymint, under an absolute NNN lease.
The lease has approximately 6 years remaining in its base term and provides for 3.00% annual rent escalations. The single-tenant structure places the property within a defined net-lease format while incorporating scheduled contractual increases during the remaining term.
The lease has approximately 6 years remaining in its base term and provides for 3.00% annual rent escalations. The single-tenant structure places the property within a defined net-lease format while incorporating scheduled contractual increases during the remaining term.
Key Highlights
- 2,206‑square‑foot freestanding retail building
- Approximately 1.00‑acre parcel
- Leased to The District Park LLC, d/b/a Skymint
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
64
Businesses Nearby
5k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 100%
Dollar General
Shops & Services
4,927 visits/mo
0.1 miles
Demographics for 49256, MI
3,909
Population
1,608
Households
2.4
Avg Household Size
40
Median Age
12%
College-Educated
88%
High-School Grad
60.5 sq mi
ZIP Area
65
Density / Sq Mi
$60,982
Median Household Income
$32,056
Median Earnings
$778
Median Rent
$112,800
Median Home Value
Market
Vacancy Rate% for Retail in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
NNN property - Freestanding building leased to Skymint under an absolute NNN structure.
Where is this nnn property located?
The property is located at 1050 E Main St Morenci, MI.
What is the asking price?
The asking price for this property is $2,129,506.
What are key features of this property?
This property features: 2,206‑square‑foot freestanding retail building; Approximately 1.00‑acre parcel; Leased to The District Park LLC, d/b/a Skymint
