NNN Leased Grocery
For Sale
Contact for pricing
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 Market2163
Property Features for 1207-1401 8th Ave
General Information
Standard status
Active
Size
74,266 SF
Lot size
0.01 Acres
Property subtype
RETAIL
Lease Type
NNN
Properties For Sale
at 1207-1401 8th Ave
1207 - 1401 8th Ave
AVAILABLE, Now
Floor
1
Size
5,000 SF
Type
RETAIL
Lease Type
NNN
Sublease
No
-Former Rent-All: 3,600 SF
-Quoting: $16.00 PSF NNN
-Zoning: Commercial
-Join Neighboring Tenants: Mighty Pet, Cost Cutters, Flagstaff Bank, ACE Hardware, and Jack's Fresh Market
-Located Adjacent to the Verdea Group's New Four Story Hotel $23.5 Million Project.
-Other Nearby Retailers Include: Taco Bell, Subway, KFC, McDonalds, CVS, and Dunkin' Donuts
Contact us
Listing Agency:
NAI Farbman - Corporate
(248) 353-0500
Listed By:
Ron Goldstone · License #6502102638
(248) 351-4371
Source:
Moodyscre
Added: Nov 19, 2020
Changed: Oct 6
Last Checked: Oct 20 at 7:44PM
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 Farbman - Corporate
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Review the available facts, identify missing information and prepare questions for the agent.
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
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
413
Businesses Nearby
58k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in Midwest region
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
