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NNN Leased Grocery Store
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1207-1401 8th Ave, Menominee, MI

NNN leased grocery store with 10-year remaining term.

Property Size74,266 SF
Lot Size0.01 Acres
Price / SF$115.34
Days on Market2118

Property Features for 1207-1401 8th Ave

General Information

Standard status Active
Size 74,266 SF
Lot size 0.01 Acres
Property subtype RETAIL
Listing Agency: NAI Pfefferle
Listed By: Thomas Fisk
Source: Moodyscre
Added: Nov 19, 2020 Changed: Jul 10 Last Checked: Sep 6 at 1:33PM

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 NAI Pfefferle

Investment Insights

Based on property information with market context.

This NNN leased grocery store is available for sale. The property is a dominant grocery store within its market, with Supervalu having operated at this location for 30 years. The remaining lease term is 10 years, and the cap rate is 7%. The store is located within the M and M Plaza Shopping Center, which also houses businesses such as Cost Cutters and Washed Ashore Laundromat. The property is situated near other retail sites, including the United States Postal Service, Michigan Welcome Center, and Nicolet National Bank. Several fast-food restaurants are located nearby, including Taco Bell, Dunkin’ Donuts, Subway, McDonald’s and KFC. The property size is 74266 square feet.

Key Highlights

  • NNN Leased Grocery Store
  • Dominant Grocery in Market
  • Enjoy a secure investment with a 10‑Year Remaining Lease Term

Property Analytics

Current Use

Grocery and convenience stores

Suggested Use

Top Pick Real Estate Agency Big Box & Wholesale Store Auto Repair Shop Building Supply Auto Parts Store Kitchen & Bath Showroom

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

413
Businesses Nearby
58k
Monthly Visits Nearby
Under-served
Demand for This Use

Foot Traffic Nearby

Dining 88% Home Improvements & Furnishings 7% Shops & Services 4% Beauty & Spa 1%
McDonald's Dining
21,297 visits/mo 0.2 miles
Taco Bell Dining
13,322 visits/mo 0.2 miles
Dunkin' Donuts Dining
7,578 visits/mo 0.2 miles
KFC Dining
4,151 visits/mo 0.2 miles
Andy's Ace Hardware Home Improvements & Furnishings
4,138 visits/mo 0.1 miles

Market

Vacancy Rate% for Retail in Midwest region

8% 2020
7.3% 2021
6.5% 2022
6% 2023
5.7% 2024
6.3% 2025
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Similar Off Market Nearby

  • Jack's Fresh Market 1401 8th Ave, Menominee, MI 49858

Frequently Asked Questions

What type of property is this?
Grocery and convenience store - NNN leased grocery store with 10-year remaining term.
Where is this grocery and convenience store located?
The property is located at 1207-1401 8th Ave Menominee, MI.
What is the asking price?
The asking price for this property is $8,566,000.
What are key features of this property?
This property features: NNN Leased Grocery Store; Dominant Grocery in Market; Enjoy a secure investment with a 10‑Year Remaining Lease Term
(920) 619-6009 Call to check price and availability
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