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Portfolio of 3 Single Tenant Properties

$525,000

1681 Benzie Hwy, Unit 4B, Benzonia, MI 49616

Active
Last Updated: 01/22/2024

4,961 sqft

Building Size

1.4 acres

Lot Area

Details:
Building Size:    4,961 sqft
Lot Area:    1.4 acres
Class:    B
Floors:    1
Highlights:
  • Single Tenant Portfolio at 12.6% Cap Rate
  • NNN Leases
  • Downtown/Highway Locations
  • Recent Updates
Description:

Portfolio of 3 single tenant properties leased to H&R Block available at 12.6% cap rate. Leases are NNN with staggered lease expirations though 2026. Excellent downtown/highway locations with good traffic, visibility, parking and recent updates including new flooring. All locations leased to H&R Block since 2013. Locations are: 228 N Chestnut St, Reed City; 880 Michigan Ave (M37), Baldwin; and retail condo unit in Family Fare grocer anchored center at 1681 Benzie Hwy (US31), Benzonia, MI. Properties also available individually.

1681 Benzie Hwy, Benzonia - Located on the east side of US 31. One mile south of US 31 and M 115 intersection.
880 Michigan Ave, Baldwin - Southeast corner of Michigan Ave and Eighth St, third building south
228 N Chestnut St, Reed City - Southeast corner of N Chestnut and E 5th Ave

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Documents:
Title
Legal Descriptions Portfolio 3 property.pdf
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Sale_Brochure.pdf
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