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Oscoda Charter Township
48750
48750
W84° 40' 10.6''
N44° 25' 31.5''
Contact Info
Billy Whitehouse
310954
Property Description

Fantastic investment opportunity with a newly built retail shopping center leased to a single-tenant Dollar Tree at 5018 N US-23, Oscoda, MI 48750. Completed in 2024, this property is strategically located along the high-traffic US-23 corridor in Oscoda Township, offering excellent visibility. The Dollar Tree is secured under a 10-year NN (Double Net) lease, starting October 31, 2024, to November 1, 2034, featuring 0.50 rent bumps every 5 years. There are three 5-year renewal options with the same rent bumps, ensuring stable and growing income. The property delivers a Net Operating Income (NOI) of 132,500 annually with a 6.75% cap rate, providing a solid return for investors. Set on a 0.69-acre lot, the property includes 32 parking spaces, supporting high customer traffic. The buildings modern design enhances retail success, and its prime location in a growing market area adds further value. The property is connected to public sewer, has paved road frontage, and is free of encroachments, making it a hassle-free investment. With strong lease terms, a reputable national tenant, and minimal landlord responsibilities, this single-tenant retail center offers reliable cash flows and future growth potential. Dont miss this chance to own a newly built, high-demand retail property with a secure, long-term lease.

5018 N Us 23 Highway

Oscoda Township, Michigan 48750, United States

  • Square Footage: 30,056.40 Sqft
$2,050,000
Listing ID#43613
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Basic Details
Property Type : Commercial
Listing Type : Active
Listing ID : 43613
Ref ID : 384589280
Price : $2,050,000
Square Footage : 30,056.40 Sqft
Lot Area : 0.69 Sqft
MLS : 20240069805
Office ID : MI309-011
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Agent info
Billy Whitehouse
Kee Realty
Kee Realty
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