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Advance Auto Parts 730 Charlevoix Ave

6,895 SF Retail Building Petoskey, MI 49770 $2,997,415 CAD ($434.72 CAD/SF) 6.50% Cap Rate

Retail Buildings Michigan Petoskey 730 Charlevoix Ave, Petoskey, MI 49770

INVESTMENT HIGHLIGHTS

  • Corporate Guarantee | S&P Credit Rating "BB+" | Ideal Low-Management Investment For a Passive Investor
  • Top-Performing Location Nationwide | 90th Percentile via Placer.Ai | Top 97th Percentile In Michigan | 392 Out Of 4,200 Locations Nationwide
  • High Barrier Entry To Market | Priced Below Replacement Cost
  • Built-To-Suit For Advance Auto Parts in 2014 | 4+ Years Remain On The Original 15-Year Lease
  • Firestone Roof With Transferrable Warranty | Good Through August 2034
  • Major Tourist Destination | Over 750,000 People Annually Visit Petoskey, Charlevoix, and Boyne City

EXECUTIVE SUMMARY

Corporate Guarantee | S&P Credit Rating "BB+" | Ideal Low-Management Investment For a Passive Investor
Built-To-Suit For Advance Auto Parts in 2014 | 4+ Years Remain On The Original 15-Year Lease
Top-Performing Location Nationwide | 90th Percentile via Placer.Ai | Top 97th Percentile In Michigan | 392 Out Of 4,200 Locations Nationwide | 4 Out Of 127 In Michigan
Lease Supports Three - 5-Year Options with 5% Rental Increases In Each Option

PROPERTY FACTS

Sale Type
Investment
Property Type
Retail
Property Subtype
Freestanding
Building Size
6,895 SF
Building Class
C
Year Built
2014
Price
$2,997,415 CAD
Price Per SF
$434.72 CAD
Cap Rate
6.50%
NOI
$194,832 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.33
Lot Size
0.48 AC
Zoning
COP B-3

LINKS

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730 Charlevoix Ave, Petoskey, MI - AERIAL map view - Image1
730 Charlevoix Ave, Petoskey, MI - AERIAL map view - Image2

NEARBY MAJOR RETAILERS

The Original Pancake House
Ymca
Fit Body Boot Camp
Fifth Third Bank
First Community Bank
Chase Bank
Huntington National Bank
PNC Bank

PROPERTY TAXES

Parcel Number 52-19-06-100-038 Improvements Assessment $0 CAD
Land Assessment $1,368,298 CAD Total Assessment $1,368,298 CAD

PROPERTY TAXES

Parcel Number
52-19-06-100-038
Land Assessment
$1,368,298 CAD
Improvements Assessment
$0 CAD
Total Assessment
$1,368,298 CAD
(248) 702-0288

CONTACTS

  • Listing ID: 33754122

  • Date on Market: 2024-11-05

  • Last Updated:

  • Address: 730 Charlevoix Ave, Petoskey, MI 49770

The Retail Property at 730 Charlevoix Ave, Petoskey, MI 49770 is currently available for sale. Contact Encore Real Estate Investment Services for more information.

NEARBY LISTINGS

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730 Charlevoix Ave, Petoskey, MI for sale Building Photo- Image 1 of 8
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730 Charlevoix Ave, Petoskey, MI for sale Building Photo- Image 2 of 8
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730 Charlevoix Ave, Petoskey, MI for sale Building Photo- Image 3 of 8
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730 Charlevoix Ave, Petoskey, MI for sale Building Photo- Image 4 of 8
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730 Charlevoix Ave, Petoskey, MI for sale Building Photo- Image 5 of 8
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730 Charlevoix Ave, Petoskey, MI for sale Aerial- Image 6 of 8
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Advance Auto Parts | 730 Charlevoix Ave
(248) 702-0288 x

Advance Auto Parts | 730 Charlevoix Ave

1/3

Deno Bistolarides

(248) 702-0288

(248) 702-0288

Nick Yaldo

(248) 924-5644

(248) 924-5644

Brent Hanna

(248) 702-0293

(248) 702-0293

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