6485 Bluewater Ct Marlette, MI 48453
- Retail properties
- 10,500 SF
Current Use by Public Records
- Retail properties
Property Details for 6485 Bluewater Ct
- Year built
- 2023
- Property size
- 10,500 SF
- Property type
- Retail properties
- Property subtype
- Retail space
Description
This exceptional investment opportunity presents a 10,500 square foot, newly constructed (2023) Family Dollar/Dollar Tree dual-concept store in Marlette, Michigan. Located at 6485 Bluewater Ct, this freestanding building boasts a 10.1-year net lease (NN+) with a strong credit-rated tenant (BBB rating), ensuring minimal landlord responsibilities. The lease commenced November 1, 2023, and includes four five-year renewal options with a $0.50 per square foot rent increase at each option. The property offers a 7.50% cap rate and a substantial net operating income (NOI) of $131,250. The asking price is $1,750,000 ($166.67 per square foot). Situated on a high-traffic road (12,313 cars daily), this location benefits from a strong demographic profile: a 10-mile population of 14,543 and a 10-mile average household income of $65,107. The property's upgraded exterior ensures long-term durability. This is an ideal investment for a 1031 exchange or passive investor seeking a secure, high-return retail property with a proven, nationally recognized tenant. The store's strategic location and the tenant's financial strength promise continued success and profitability. The property is 100% occupied.
Value Estimations
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Marlette
- County
- Sanilac
- State
- Michigan
- Longitude
- -83.0791
- Latitude
- 43.3317
