6485 Bluewater CtMarlette, MI 48453
- Retail properties
- 10,500 SF
Property Details for 6485 Bluewater Ct
- Year built
- 2023
- Property size (Sq ft)
- 10,500 SF
- Property type
- Retail properties
- Property subtype
- Other retail properties
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.
Location Insight
- City
- Marlette
- County
- Sanilac
- State
- Michigan
- Latitude
- 43.3317
- Longitude
- -83.0791
Comparable in this City
Similar Nearby for Sale
FAQs
- How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?
- Please email our support team at support@realmo.com and they will add the team member.
- How do I access a private listing?
- Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.
- How can I contact the broker?
- We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
- How do I unsubscribe from emails?
- At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at support@realmo.com.