Building Details

Year Built 2015

Tenancy Single

Listing Agency: Matthews

Listed By: Michael Moreno · License #CA 01982943

Source: Crexi

Added: May 27 Changed: Aug 19 Last Checked: Aug 18 at 10:35AM

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Investment Insights

Based on property information with market context.

This specialty property in Petoskey, Michigan, features a new, 7-year NNN lease. The property has a total size of 19,200 square feet and accommodates over 150 units. The capitalization rate is 7.50%.

Key Highlights

• 7.50% Cap Rate
• New, 7‑Year NNN Lease
• Reputable 150+ Unit Operator

Property Analytics

Property Profile

Current Use

Specialty properties

Suggested Use

Top Pick Parking Lot & Garage Auto Repair Shop (Bike/Boat/Book/etc) Store Dental Office Big Box & Wholesale Store Bakery

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

155

Businesses Nearby

Explore this area Business Placement

Demographics for 49770, MI

17,643

Population

10,244

Households

1.7

Avg Household Size

44

Median Age

47%

College-Educated

97%

High-School Grad

109.4 sq mi

ZIP Area

161

Density / Sq Mi

$80,431

Median Household Income

$42,154

Median Earnings

$1,077

Median Rent

$309,900

Median Home Value

Questions? Ask Rey

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Frequently Asked Questions

What type of property is this?

Specialty property - Specialty property with a new, 7-year NNN lease.

Where is this specialty property located?

The property is located at 4170 Cedar Bluff Drive Petoskey, MI.

What is the asking price?

The asking price for this property is $5,275,846.

What are key features of this property?

This property features: 7.50% Cap Rate; New, 7‑Year NNN Lease; Reputable 150+ Unit Operator