52462 South US Highway 131, Three Rivers, MI 49093

Building Details

Tenancy Single More

Listing Agency: Matthews

Listed By: Connor Olandt · License CA #01985082 Show Phone

Source: Crexi

Added: Oct 30 Changed: Nov 8 Last Checked: Nov 8 at 4:20PM

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Investment Insights

Based on property information with market context.

This storefront property is offered for sale subject to a NNN lease. The stated lease term has approximately 10.5 years remaining, and the property carries a 7.25% cap rate.

Key Highlights

• NNN lease with approximately 10.5 years remaining
• 7.25% cap rate

Property Analytics

Current Use

Storefront properties

Suggested Use

Top Pick Electrical Service Auto Repair Shop Grocery & Convenience Store Furniture & Home Goods Parking Lot & Garage Big Box & Wholesale Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Single-tenant

Tenancy

Location Intelligence

Trade Area within ½ mile

36

Businesses Nearby

5k

Monthly Visits Nearby

Well-served

Demand for This Use

Explore this area Business Placement

Foot Traffic Nearby

Shops & Services 100%

Dollar General Shops & Services

5,424 visits/mo 0.0 miles

Demographics for 49093, MI

18,215

Population

8,512

Households

2.1

Avg Household Size

41

Median Age

20%

College-Educated

92%

High-School Grad

105.6 sq mi

ZIP Area

172

Density / Sq Mi

$63,040

Median Household Income

$36,916

Median Earnings

$824

Median Rent

$174,000

Median Home Value

Market

Vacancy Rate% for Retail in Midwest region

8% 2020

7.3% 2021

6.5% 2022

6% 2023

5.7% 2024

6.3% 2025

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Frequently Asked Questions

What type of property is this?

Storefront property - The property is offered for sale under a NNN lease.

Where is this storefront property located?

The property is located at 52462 South US Highway 131 Three Rivers, MI.

What is the asking price?

The asking price for this property is $1,438,087.

What are key features of this property?

This property features: NNN lease with approximately 10.5 years remaining; 7.25% cap rate