- 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 Nov 5, 2024
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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
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Contacts
Location
Getting Around
-
Walk Score ®
60/100 Somewhat Walkable -
Bike Score ®
53/100 Bikeable
- City Petoskey, MI
- Zip Code 49770
Points of Interest
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Next Door Store
0.12 miles
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BP
0.15 miles
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Marathon
0.38 miles
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Petoskey Pacific Pride
0.85 miles
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JBJ Trucking
1.61 miles
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Meijer
1.71 miles
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Citgo
2.43 miles
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Mobil
2.80 miles
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D&W Quick Stop
2.92 miles
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Shell
3.30 miles
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Bear River Trail Sheridan Street Trailhead
0.62 miles
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Little Traverse Wheelway Trailhead
4.91 miles
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Krause Rd
5.23 miles
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Challenger lot
7.36 miles
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Tanton Family Reserve MTB Trailhead
7.79 miles
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Boyne City School Forest Trail
7.82 miles
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Boyne Forest Trails - East Trailhead Parking Lot
7.83 miles
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Boyne Forest Trails - West Trailhead Parking Lot
8.37 miles
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East Brutus Road Trailhead Parking
9.38 miles
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Wendy's
0.02 miles
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Subway
0.09 miles
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Burger King
0.11 miles
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McDonald's
0.11 miles
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Big Boy
0.14 miles
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Villa Ristorante
0.17 miles
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JW Filmores
0.19 miles
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B.C. Pizza
0.27 miles
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Arby's
0.39 miles
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Nagoya
0.47 miles
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Gordon Food Service
0.49 miles
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Big Lots
0.71 miles
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Grain Train Natural Foods Market
0.76 miles
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Walmart Supercenter
1.42 miles
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ALDI
1.61 miles
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Meijer
1.68 miles
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Louie's Fresh Market
2.51 miles
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D&W Fresh Market
3.01 miles
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Oleson's
4.54 miles
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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.
Looking for more in-depth information on this property?
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Contact Listing Broker
Nick Yaldo
Encore Real Estate Investment Services