5018 N Us 23 Highway
Oscoda Twp, MI, 48750 $ 2,050,000
Baths0.0 Sq 10,004 Monthly Estimate*
$ 12,278
Studio Commercial Property for sale in Oscoda Twp, MI
for $2,050,000. This 10,004 square foot building was built in 2024 on a lot size of 0.69.
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 6.49% 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 building’s 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. Don’t miss this chance to own a newly built, high-demand retail property with a secure, long-term lease.
See more
Commercial ActiveNewly built Dollar Tree next to McDonalds
FeaturesGeneralSewer Public Sewer (Sewer-Sanitary)
Heating Forced Air
Possession Subject To Tenant Rights
current use Newly built Dollar Tree next to McDonalds
Zoning Commercial
Year Built 2024
Business Type Retail
Property Type Commercial
Accessibility Features Accessible Approach with Ramp
Transaction Type Sale
Status Active
Short Sale No
Construction Materials Brick Metal Siding
Cumulative Days on Market 0
MLS Area Oscoda Twp
Directions On the east side of US-23 Highway north of W Michigan Avenue
City Oscoda Twp
Terms Offered Cash Conventional
School District Oscoda
Land Contract 0
Ownership Status Short Sale - No Private Owned
Total Sq Ft 10004
DOM 0
Taxes 6214.0000
Legal Description 34414 T24N R9E SEC 34 W 180 FT OF N 190 FT OF S 616 FT OF GOVT LOT 2 LYING E OF STATE ST
See more
ExteriorWaterfront 0
Soil Type Phase 1
Lot Size Area 0.69
Water Source Public (Municipal)
Foundation Slab
Lot Size Dimensions 155x154x193x199
Roof Material Metal
Architecture Level 1 Story
See more
Internal OnlyOriginating MLS Realcomp II Ltd
See more
* Excluded FeaturesList ByWilliam WhitehouseListing Agent
Berkshire Hathaway Homeservices Kee Realty BhamBroker
Affordability Calculator
- Monthly Principal & Interest
- $12,278
- Monthly Property Taxes
- $518
- Monthly Home Insurance
- --
Default based on a 30-year fixed rate of 5.99% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
Learn more about how to save NearbyTrends Information provided by ATTOM Data Solutions.
848070 Elementary School
848226 Middle School
Unknown High School High School
Pricing HistoryDate | Price | Price Change | Description |
---|
9/17/2024 | $2,050,000 | | Listed Price |