Contacts
Brandon Hanna
Encore Real Estate Investment Services
(248) 702-0290
Property Details
- Property Type Retail - Street Retail
- Property Size 11,180 SF
- Lot Size 7.7 Acre
- Property Tenancy Single Tenant
- Year Built 1996
- Date Updated Dec 25, 2023
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Reach out to the broker for more info on lease terms and amenities
Highlights
- Recently Executed 10-Year Extension
- High Volume Sales w/ 3% Rent to Sale Ratio
- Successful 25+ Operating History | Outparcel to Grocery Anchored Center
- 2018 Renovation & Remodel of $150,000 on Interior Pharmacy & Drive Thru
- Brand New Roof Installed in 2022 with a 20-Year Transferable Warranty
- Low Rent PSF of $12.80 | $0.75 PSF Rent Increase Every 5 Years
- NN Lease | Landlord Responsible for Roof and Structure Only
- Lease is Corporately Guaranteed by Rite Aid, Inc. / S&P “CC” Rated
- This Rite Aid and the Walgreens Across the Street are the Only Two Major Pharmacies in Town
- Combined Traffic Counts in Excess of 27,930 Daily
- Located just Five Minutes from Affluent Downtown Charlevoix | Directly Across the Street from Charlevoix Municipal Airport
- Charlevoix is a Busy Tourist Town Popular for its Lakes, Beaches, Golf Courses & Attractions | Population Increases Dramatically During Summer Months Due to Tourism and High Number of Vacation/Seasonal Homes
Getting around
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Walk Score ®
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Bike Score ®
Location
- City Charlevoix, MI
- Zip Code 49720
Points of Interest
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Mobil
0.14 miles
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Holiday
0.27 miles
-
Shell
0.39 miles
-
Krist
0.71 miles
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Tesla Supercharger
1.23 miles
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Krist
1.83 miles
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Marathon
8.77 miles
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RV parking area
8.90 miles
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McDonald's
0.15 miles
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Burger King
0.24 miles
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Flap Jack Restaurant
0.36 miles
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Kelsey's Lakeside Grille
0.40 miles
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Pizza Hut
0.41 miles
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That French Place
1.04 miles
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The Bistro
3.28 miles
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The Landing
4.77 miles
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Friske's Farm Market and Cafe
8.89 miles
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Oleson's
0.86 miles
In-Depth Research Available for this Property
Access more in-depth information about this property — including ownership, tenant details, property characteristics and transaction history, along with local market insights and much more — on CommercialEdge.
Contact Listing Broker
Brandon Hanna
Encore Real Estate Investment Services
(248) 702-0290