5018 Us Highway 23 Oscoda, MI 48750

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.