Advance Auto Parts

730 Charlevoix Ave, Petoskey, MI 49770

  • For Sale $2,076,923
  • Property Type Retail - Freestanding
  • Property Size 6,895 SF
  • Lot Size 0.52 Acre
  • Additional Rent Contact for pricing
  • Property Tenancy Single Tenant
  • Year Built 2014
  • Date Updated Dec 10, 2024
Petoskey is a city in the U.S. state of Michigan. It is the county seat and largest city in Emmet County. Part of Northern Michigan, Petoskey is a popular Midwestern resort town, as it sits on the shore of Little Traverse Bay, a bay of Lake Michigan. At the 2020 census, Petoskey's population was 5,877. Petoskey is a charming lakeside community known for its natural beauty, Victorian architecture, historic Gaslight Shopping District, and Petoskey Stone. While Petoskey maintains a population of about 6,000, the town explodes with visitors during the summer – with nearly 750,000 people visiting friends and family each year, in addition to those making day trips to the area or pass through on their way to another destination, Fitzsimons said. Downtown Petoskey, Michigan, is one of the most treasured downtowns in the United States. Nestled on the shores of Little Traverse Bay on Lake Michigan, residents and tourists enjoy over 170 unique shops and fine restaurants in the nationally recognized historic Gaslight Shopping District two miles from the subject property. The downtown area of Petoskey, Michigan, serves as a hub for resorters from Bay Harbor, Bay View, Harbor Springs, Walloon Lake, and the surrounding Emmet County region. Other major attractions include Odawa Casino Resort, Bay Harbor Equestrian Center, Bay Harbor Yacht Club, and a wide variety of the finest golf courses, ski resorts, and wineries within a twenty-mile radius of the Bear Creek Crossings Shopping Center. Emmet County is located at the top of the Lower Peninsula of Michigan, bounded on the west by Lake Michigan and on the north by the Straits of Mackinac. Its rural areas are habitat for several endangered species. Long a center of occupation by the Odawa people, today the county is the base for the federally recognized Little Traverse Bay Bands of Odawa Indians..
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Highlights

  • 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
  • Firestone Roof With Transferrable Warranty | Good Through August 2034
  • High Barrier Entry To Market | Priced Below Replacement Cost
  • Directly Next To McLaren Northern Michigan Hospital | A 202-Bed Regional Hospital Serving 22 Counties | 950 Employees | Emmet Counties Largest Employer
  • Excellent Visibility At The Hard Corner Lighted Intersection Of Highway 131 and Charlevoix Ave | Over 56,414 VPD+
  • 15,954 People Within 5 Miles of The Subject Property | Average HH Income Within 5 Miles Exceeds $94,000
  • Major Tourist Destination | Over 750,000 People Annually Visit Petoskey, Charlevoix, and Boyne City
  • 1 Mile To Bear Creek Plaza a 750,000+/- SF Power Center Anchored By Lowes, The Home Depot, Aldi, Walmart Supercenter, and Odawa Casino and Resort
  • 1 Mile To Victories Square Petoskey, MI I A 22- Acre Multi-District Development Which Would Include Hospitality, HealthCare, Housing, and Retail

Contacts

broker

Encore Real Estate Investment Services

Location

Getting Around

  • Walk Score ®

    60/100 Somewhat Walkable
  • Bike Score ®

    53/100 Bikeable
Powered by Walk Score ®
  • City Petoskey, MI
  • Zip Code 49770

Points of Interest

  • Next Door Store

    0.12 miles

  • BP

    0.15 miles

  • Marathon

    0.38 miles

  • Petoskey Pacific Pride

    0.85 miles

  • JBJ Trucking

    1.61 miles

  • Meijer

    1.71 miles

  • Citgo

    2.43 miles

  • Mobil

    2.80 miles

  • D&W Quick Stop

    2.92 miles

  • Shell

    3.30 miles

  • Bear River Trail Sheridan Street Trailhead

    0.62 miles

  • Little Traverse Wheelway Trailhead

    4.91 miles

  • Krause Rd

    5.23 miles

  • Challenger lot

    7.36 miles

  • Tanton Family Reserve MTB Trailhead

    7.79 miles

  • Boyne City School Forest Trail

    7.82 miles

  • Boyne Forest Trails - East Trailhead Parking Lot

    7.83 miles

  • Boyne Forest Trails - West Trailhead Parking Lot

    8.37 miles

  • East Brutus Road Trailhead Parking

    9.38 miles

  • Wendy's

    0.02 miles

  • Subway

    0.09 miles

  • Burger King

    0.11 miles

  • McDonald's

    0.11 miles

  • Big Boy

    0.14 miles

  • Villa Ristorante

    0.17 miles

  • JW Filmores

    0.19 miles

  • B.C. Pizza

    0.27 miles

  • Arby's

    0.39 miles

  • Nagoya

    0.47 miles

  • Gordon Food Service

    0.49 miles

  • Big Lots

    0.71 miles

  • Grain Train Natural Foods Market

    0.76 miles

  • Walmart Supercenter

    1.42 miles

  • ALDI

    1.61 miles

  • Meijer

    1.68 miles

  • Louie's Fresh Market

    2.51 miles

  • D&W Fresh Market

    3.01 miles

  • Oleson's

    4.54 miles

  • Harbor Springs IGA

    4.61 miles

Frequently Asked Questions

How much does Advance Auto Parts cost?

The space currently listed for sale at Advance Auto Parts asks for $2,076,923.

What is the total square footage of Advance Auto Parts?

Advance Auto Parts totals 6,895 square feet.

When was this property built?

Advance Auto Parts was built in 2014.

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Contact Listing Broker
broker

Encore Real Estate Investment Services