Description
Investors: Prime retail storefront on Front Street. Currently leased to Grand Traverse Pie Company through 2026. NNN lease with Tenant paying all expenses except small portion of taxes. Offered for sale at a 6% Cap rate with annual rent increases. Space could easily be split into two units giving it lots of flexibility for future users and tenants and possible higher rents in the future. This is a great price for highly sought after Front Street retail and wont last long. Windows fold open completely opening up to street. Currently has hood for ovens, walk-in cooler & freezer, commercial sinks, 2 restrooms and more. Association fee covers sewer, water, closed-loop heating/cooling, trash and access control elevator.
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0BEDS
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0.3ACRES
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2BATHS
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01/2 BATHS
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2,780SQFT
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$327$/SQFT
School Ratings & Info
Description
Investors: Prime retail storefront on Front Street. Currently leased to Grand Traverse Pie Company through 2026. NNN lease with Tenant paying all expenses except small portion of taxes. Offered for sale at a 6% Cap rate with annual rent increases. Space could easily be split into two units giving it lots of flexibility for future users and tenants and possible higher rents in the future. This is a great price for highly sought after Front Street retail and wont last long. Windows fold open completely opening up to street. Currently has hood for ovens, walk-in cooler & freezer, commercial sinks, 2 restrooms and more. Association fee covers sewer, water, closed-loop heating/cooling, trash and access control elevator.
The accuracy of all information, regardless of source, is not guaranteed or warranted. All information should be independently verified. © 2022 Northern Great Lakes REALTORS© MLS. All rights reserved. Data last updated: 2022-08-11T09:52:19.64.