615 State StCaro, MI 48723

Property Details for 615 State St

Year built

1962

Lot size

1.15 AC

Property size (Sq ft)

12,846 SF

Property type

Retail properties

Property subtype

Other retail properties

Description

This exceptional investment opportunity presents a fee-simple ownership of a 12,846 square foot Rite Aid property situated on a 1.15-acre lot in Caro, Michigan. Located at 615 N State St, this retail space enjoys a prime position on the city's main retail corridor, offering convenient access to Highway 24. The property is currently under a Net Lease (NNN) agreement with Rite Aid, providing a stable income stream. The lease commenced on October 31, 2024, and has a remaining term of five years, with options for lease extensions of 5-10 years. The building was constructed in 1962. The asking price for this fee-simple ownership is $700,000. It's important to note that Rite Aid currently subleases a portion of the adjacent space to an AT&T operator. This property offers a strong investment opportunity due to its location, established tenant, and long-term lease potential. The property's address is 615 N State St, Caro, MI 48723, within Tuscola County. This is a rare chance to acquire a well-positioned retail property with a dependable tenant in a desirable Michigan market. The property's zip code is 48723.

Location Insight

City

Caro

County

Tuscola

State

Michigan

Latitude

43.4929

Longitude

-83.392

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.