730 Charlevoix AvePetoskey, MI 49770

This exceptional investment opportunity presents a 6,895 square foot Advance Auto Parts store located at 730 Charlevoix Ave, Petoskey, MI 49770. The property boasts a strong 100% occupancy rate under a Net Lease (NNN) agreement with a corporate guarantee and a remaining lease term of approximately 4.9 years, extending to October 31, 2029, with three 5-year options at 5% rent increases each. Built in 2014, this single-building property sits on a 0.52-acre lot and generates a substantial NOI of $135,000, representing a 6.50% cap rate. The asking price is $2,076,923 ($301.22/sq ft). The property benefits from a prime location shadow-anchored by McLaren Northern Michigan Hospital, a 202-bed regional hospital employing 950 people. Its high-traffic location at the intersection of Highway 131 and Charlevoix Ave (56,414+ VPD) offers excellent visibility. The surrounding area boasts a strong demographic profile, with over 15,954 people within 5 miles and an average household income exceeding $94,000. Petoskey's thriving tourism industry, attracting over 750,000 visitors annually, further enhances the property's value. The property also benefits from proximity to major retail centers like Bear Creek Plaza and Victories Square. A Firestone roof with a transferable warranty (valid until August 2034) adds to the investment's appeal. This is a low-management investment ideal for passive investors.