Domino's
$533,000
206 Cypress St, Manistee, MI 49660
For Sale
Retail
Street Retail
Active
Last Updated: 05/05/2026
6.75
Cap Rate
35,974.92
NOI
Details:
Cap Rate: 6.75%
NOI: $35,974.92
Building Size: 1,332 sqft
Lot Area: 0.3518 acres
Occupancy: 100%
Year Built: 1998
Highlights:
- 12 Years Remaining on Initial 15 Year Lease Term - Provides longterm lease stability.
- 2% Annual Rental Increases - Built in rent-growth creates compounding income increases over time to hedge against inflation and create property value.
- Rent to Sales Ratio Below 5% - A low rent to sales ratio suggests the location is financially strong for the tenant.
- Drive-Thru Equipped Building - The drive-thru adds convenience for customers and supports strong sales volume.
- Retrofit to Tenant's Specs in 2023 - Recent upgrades tailored to the tenant reduce near-term capital needs.
- New Roof, HVAC, and Drive Thru Located on Manistee's Main Retail Thoroughfare - This prime location offers excellent access and strong retail positioning nearby all of the national and regional tenants.
- Coveted Northern Michigan Summer Destination - The area benefits from seasonal tourism that boosts customer traffic and sales.
Location
Gallery
