5018 US-23 Oscoda, MI 48750
Newly constructed retail building with a secure 10-year lease.
Type:Retail
Property size:
10,476 SFLot size:
0.69 Acres- Added:
- Jan 26, 2026
- Days on Market:
- 66
- Last Refresh:
- Mar 17 at 1:13 pm
Property Features for 5018 US-23
General Information
- Standard status
- Active
- Size
- 10,476 SF
- Lot size
- 0.69 Acres
- Property subtype
- Retail
Building Details
- Year Built
- 2024
Listing agent Randy Woodworth License #MI 6502377740
Listing date Jan 26, 2026
Source Crexi
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 Randy Woodworth
Overview
New Retail Building with Lease
Located at 5018 N US 23 Highway in Oscoda, MI, this newly constructed retail building presents a prime investment opportunity. The property features a secure 10-year lease with a national tenant, Dollar Tree. Situated along the busy US-23, the building benefits from high visibility within Oscoda's retail corridor and experiences steady foot traffic. The current lease has eight years remaining, along with three 5-year renewal options that include rent escalations every five years. The net operating income is $132,500 at a 7% cap rate. The building is positioned on a 0.69-acre lot and provides 32 parking spaces. Oscoda, Michigan, is a lakeside town where Lake Huron meets the Au Sable River. Known for its sandy beaches, clear water, and dark-sky views, it is a destination for swimming, kayaking, fishing, and stargazing during the summer, as well as hunting, ice fishing, and cross-country skiing in the winter. Oscoda maintains a mix of small-town charm, outdoor adventure, and Up North vibes year-round. The property size is 10476 square feet.
Location Intelligence
Current Use by Public Records
Storefront properties
Similar Places Nearby
- Enchanted Blooms — 111 E River Rd, Oscoda, MI 48750
Location Insight
- Map
- Local Demand
- City
- Oscoda
- County
- Iosco
- State
- Michigan
- Longitude
- -83.32992
- Latitude
- 44.427547
Nearby Similar for Sale
FAQs
What type of property is this?
Storefront property - Newly constructed retail building with a secure 10-year lease.
Where is this storefront property located?
The property is located at 5018 US-23 Oscoda, MI.
What is the asking price?
The asking price for this property is $1,875,000.
What are key features of this property?
This property features: Secure 10‑year lease with national tenant, Dollar Tree (8 years remaining).; Net operating income of $132,500 at a 7% cap rate.; Located on busy US‑23 Highway with **high visibility and steady foot traffic**.
