805 Shaw St, Howard City, MI 49329-8787

This Howard City, MI property offers a compelling investment opportunity. The 9,180 square foot free-standing building, constructed in 2006, is currently occupied by a Family Dollar store under a lease with four remaining 5-year renewal options, expiring June 30, 2026. Located at 805 Shaw St, on a 1.72-acre lot, this single-story retail space boasts a strong 6.99% cap rate and a net operating income (NOI) of $62,197. The asking price is $890,000, translating to $96.95 per square foot. The property's prime location in the heart of Howard City's retail district ensures consistent foot traffic and strong tenant occupancy. This is an owner/user NNN lease property, providing a stable income stream and significant potential for long-term growth. The property's solid tenant history and favorable lease terms make it an attractive investment for both seasoned and emerging investors seeking a reliable and profitable retail asset in a thriving Michigan market. The property is zoned for convenience store and grocery store uses.