Contacts
Encore Real Estate Investment Services
Property Details
- Property Type Retail - Freestanding
- Property Size 1,704 SF
- Lot Size 0.63 Acre
- Property Tenancy Single Tenant
- Year Built 1980
- Year Renovated 2022
- Date Updated Jun 26, 2026
Reach out to the broker for more info on lease terms and amenities
Highlights
- 11 Years Remaining on Initial 15 Year Lease Term - Provides long term lease stability with a substantial term remaining.
- 2% Annual Rental Increases - Built-in rent growth creates steady income increases over time providing a hedge against inflation.
- 29,000+ Vehicles Pass the Site Every Day - High daily traffic provides strong visibility and customer exposure.
- Coveted Northern Michigan Summer Vacation Community - The area benefits from seasonal tourism that can boost customer traffic and sales.
- Drive Thru Equipped Building - The drive-thru adds convenience for customers and supports strong sales volume.
- Located at a Signalized Intersection On US-10, Ludington's Main Retail Thoroughfare - This prime corner location offers excellent access and strong retail positioning.
- Rent to Sales Ratio Below 5.25% - A low rent-to-sales ratio suggests the location is financially healthy for the tenant.
- Retrofit to Tenant's Specs in 2022 - Recent upgrades tailored to the tenant reduce near-term capital needs.
Getting around
-
52/100
Walk Score ®
-
42/100
Bike Score ®
Location
- City Ludington, MI
- Zip Code 49431
Points of Interest
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Wesco
0.12 miles
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Express Mart
0.25 miles
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Marathon
0.27 miles
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Shell
0.46 miles
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Murphy USA
1.16 miles
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Meijer Gas
2.25 miles
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Ludington Supercharger
2.38 miles
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MDOT Park & Ride - Ludington
2.17 miles
-
car parking
6.07 miles
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truck parking
6.13 miles
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Domino's
0.00 miles
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Lakeside Wiener Wagon
0.04 miles
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Roast'd
0.04 miles
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Road Crew Galley
0.04 miles
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Little Caesars
0.09 miles
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Jimmy John's
0.11 miles
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KFC
0.15 miles
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Scotty's
0.18 miles
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Pizza Hut
0.22 miles
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Mancino's Pizza & Grinders
0.25 miles
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Gordmans
0.32 miles
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Family Fare
0.36 miles
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Walmart Supercenter
1.17 miles
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ALDI
1.21 miles
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Meijer
2.33 miles
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Hamlin Grocery
4.48 miles
Encore Real Estate Investment Services