NNN Retail
For Sale
Contact for pricing
Pending
2161 W Houghton Lake Dr, Prudenville, MI 48651
Retail building leased under a long-term absolute NNN structure with contractual annual rent increases.
Property SizeContact for details
Days on Market142
Property Features for 2161 W Houghton Lake Dr
General Information
Standard status
Pending
Property subtype
Retail
Listing Agency:
Northmarq - Chicago
(312) 858-6725
Listed By:
Christian Tremblay · License #475165868
Source:
Crexi
Added: Apr 11
Changed: Aug 30
Last Checked: Aug 30 at 4:55AM
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.
The property comprises a 4,158-square-foot retail building on a 0.97-acre parcel at 2161 W Houghton Lake Dr in Prudenville, Michigan. The asset is occupied by Pleasantrees and operates under an absolute NNN lease, placing the property within a structured net-lease format.
The lease has more than 13 years remaining and provides for 2.50% annual rental increases. The combination of an established retail use, fee-simple ownership, and defined lease terms presents a straightforward commercial real estate asset for qualified investors.
The lease has more than 13 years remaining and provides for 2.50% annual rental increases. The combination of an established retail use, fee-simple ownership, and defined lease terms presents a straightforward commercial real estate asset for qualified investors.
Key Highlights
- 4,158‑square‑foot retail building on a 0.97‑acre parcel
- Absolute NNN lease structure
- More than 13 years of lease term remaining
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
194
Businesses Nearby
Explore this area
Business Placement
Demographics for 48651, MI
4,396
Population
3,825
Households
1.1
Avg Household Size
56
Median Age
19%
College-Educated
92%
High-School Grad
71.0 sq mi
ZIP Area
62
Density / Sq Mi
$42,938
Median Household Income
$32,917
Median Earnings
$797
Median Rent
$156,000
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 - Retail building leased under a long-term absolute NNN structure with contractual annual rent increases.
Where is this nnn property located?
The property is located at 2161 W Houghton Lake Dr Prudenville, MI.
What are key features of this property?
This property features: 4,158‑square‑foot retail building on a 0.97‑acre parcel; Absolute NNN lease structure; More than 13 years of lease term remaining
