Freestanding NNN Retail
For Sale
Contact for pricing
109 N Washington St., Hale, MI 48739
Freestanding single-tenant retail investment built in 2016 with an absolute net lease structure and renewal options.
Property Size9,180 SF
Price / SF$167.32
Days on Market52
Property Features for 109 N Washington St.
General Information
Standard status
Active
Size
9,180 SF
Total Parking Spaces
40
Property subtype
Retail
Occupancy
100%
Lease Type
Absolute Net
Investment Type
Net Lease
Net Operating Income
$126,748
Building Details
Year Built
2016
Tenancy
Single
Listing Agency:
CBRE
Listed By:
David Hesano · License #MI 6501300653
Source:
Crexi
Added: Jul 8
Changed: Aug 14
Last Checked: Aug 26 at 11:58AM
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 CBRE
Investment Insights
Based on property information with market context.
Constructed for Family Dollar in 2016, this freestanding single-tenant retail investment property totals 9,180 square feet. The lease is structured as absolute net, requiring the tenant to be responsible for expenses, repairs, maintenance, and replacements. The property has five years of remaining lease term and includes six remaining five-year tenant renewal options, each with 10% lease rate increases at commencement.
The asset is positioned at a signalized main intersection in Hale, Michigan. A wrap-around parcel provides access to both main streets, and the property features exclusive pylon signage on N Washington St.
This offering is presented as a passive NNN retail investment with a long-term lease and multiple renewal opportunities.
The asset is positioned at a signalized main intersection in Hale, Michigan. A wrap-around parcel provides access to both main streets, and the property features exclusive pylon signage on N Washington St.
This offering is presented as a passive NNN retail investment with a long-term lease and multiple renewal opportunities.
Key Highlights
- Freestanding, single‑tenant retail investment built in 2016 totaling 9,180 SF
- Absolute net lease structure: tenant responsible for all expenses, repairs, maintenance, and replacements
- Lease includes five (5) years of remaining term and six (6) remaining five (5)-year tenant renewal options
Property Analytics
Property Profile
Current Use
Lease Details
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
162
Businesses Nearby
27k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 88%
Dining 6%
Home Improvements & Furnishings 5%
Marathon Petroleum
Shops & Services
7,060 visits/mo
0.0 miles
Shell
Shops & Services
6,992 visits/mo
0.0 miles
Dollar Tree
Shops & Services
4,302 visits/mo
0.0 miles
Dollar General
Shops & Services
3,940 visits/mo
0.4 miles
SUBWAY
Dining
1,735 visits/mo
0.0 miles
Demographics for 48739, MI
3,636
Population
4,015
Households
0.9
Avg Household Size
57
Median Age
19%
College-Educated
84%
High-School Grad
95.8 sq mi
ZIP Area
38
Density / Sq Mi
$47,768
Median Household Income
$37,500
Median Earnings
$798
Median Rent
$170,600
Median Home Value
Market
Vacancy Rate% for Retail in Midwest region
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Frequently Asked Questions
What type of property is this?
Retail space - Freestanding single-tenant retail investment built in 2016 with an absolute net lease structure and renewal options.
Where is this retail space located?
The property is located at 109 N Washington St. Hale, MI.
What is the asking price?
The asking price for this property is $1,536,000.
What are key features of this property?
This property features: Freestanding, single‑tenant retail investment built in 2016 totaling 9,180 SF; Absolute net lease structure: tenant responsible for all expenses, repairs, maintenance, and replacements; Lease includes five (5) years of remaining term and six (6) remaining five (5)-year tenant renewal options
