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    Cheboygan, MI NNN Properties for Sale

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    Indian River, MI Topinabee, MI Onaway, MI
    NNN Leased Walgreens with Drive-Thru
    $3,855,000
    14,550 SF

    NNN Leased Walgreens with Drive-Thru

    991 S Main St, Cheboygan, MI 49721

    Long-term NNN leased Walgreens near McLaren Northern Michigan medical center.

    • Long‑term NNN lease to Walgreens Corporate guaranteed through February 2032, providing stable income.
    • High visibility location at a signalized intersection on Main Street (M‑27), a primary commercial corridor with 13k+ VPD.
    • High 9.50% Cap Rate.
    • Located near McLaren Northern Michigan medical center and across from Cheboygan County Courthouse, attracting consistent traffic.
    • No CVS Pharmacy, Rite Aid or other Walgreens competition within a 30‑mile radius.
    Updated: Nov 21, 2025
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    Based on your search, we've compiled 5 Potential Opportunities for your consideration. Besides 1 Active listings in Cheboygan, MI, we suggest exploring several alternatives: 4 properties in Nearby Cities

    Opportunities in Nearby Cities

    Here are 4 Similar properties we found in Nearby Locations for your consideration.

    Traverse City Retail Condominium
    $924,000
    2,000 SF

    Traverse City Retail Condominium

    Single-tenant retail condo in downtown Traverse City, fully leased.

    204 E Front St, Traverse City, MI 49684
    View details
    Downtown Traverse City Retail Condo
    $949,000
    2,000 SF

    Downtown Traverse City Retail Condo

    Single-tenant retail condo in downtown Traverse City, fully leased.

    204 E Front Street, Traverse City, MI 49684
    View details
    New Dollar General Store Investment
    $1,992,803
    9,100 SF

    New Dollar General Store Investment

    New Dollar General store with a 15-year absolute NNN lease.

    8336 Mill St, Vanderbilt, MI 49795
    View details
    New Dollar General Plus Store
    $2,303,507
    10,640 SF

    New Dollar General Plus Store

    New Dollar General Plus store in Gaylord, Michigan.

    10464 Old US Hwy 27 S, Gaylord, MI 49735
    View details

    Cheboygan, MI Nnn Properties Investment Opportunities Market Analysis

    Explore 1 nnn properties for sale in Cheboygan, MI on our real estate platform. These investment opportunities span a total of 14,550 square feet of properties for sale, with an estimated market value of $3,855,000.

    Sale prices for triple net lease properties in Cheboygan, MI start at $3,855,000, averaging $3,855,000, and reaching up to $3,855,000 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

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    Demographics Overview

    Population 14K
    Population Growth (5Y) -2.2%
    Median Household Income $60,840
    College Educated 29.7%

    High-Yield Neighborhoods for Strategic Investment

    Identify Cheboygan submarkets with the highest inventory density on the market and evaluate the median listing prices of real estate assets

    Neighborhood Average Price
    49721 $3.9M

    Taxes & Financing

    Tax Rate (average for all types) 3.46%
    Tax Rate vs County Average 0.26 pp above county avg
    Average Loan-to-Value 65.0%

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