1451 Hanthorne St Cadillac, MI 49601

This exceptional investment opportunity presents a 6,300 square foot industrial distribution facility leased to FedEx Freight under an absolute NNN lease. The property boasts a strong 5.25% cap rate and a substantial net operating income (NOI) of $120,000. The lease, originally commenced on August 11, 1999, has a remaining term of 10.2 years, extending to January 31, 2035. This long-term commitment is further secured by a recent 10-year lease extension and built-in 3% annual rent increases. The property features a triple cross-dock design, ample parking for 75 vehicles, and a generous 3.63-acre lot size, including outdoor storage space. Located at 1451 Hanthorne St, Cadillac, MI 49601, this strategically positioned asset benefits from convenient transportation access within a dense industrial corridor. The tenant, FedEx Freight, is an investment-grade tenant with a BBB (S&P) rating and is publicly traded on the NYSE (FDX). The asking price is $2,290,000, translating to a price per square foot of $363.49. This is a rare opportunity to acquire a secure, high-performing, long-term net lease investment.