Price Per Gla $203.29

Cap 7.45 %

Percent Occupied 100.00 %

Property Overview

Year Built 2004

Building Class A

Location Class B

No. Of Buildings 1

Shadow Anchored Yes- Home Depot

Mixed Use No

Corner No

No. Of Parking Spaces 40

Parking Ratio 5.7/1000

No. Tenants 1

No. Stories 1

Occupancy 100.00 %

Property Description

Subject Property Includes A 7000 Sf, Single Story, Free-Standing Retail Property, 100% Leased To Fortune 500 Tenant Advance Auto Parts. Property Is A Build To Suit Prototype On A Home Depot Outlot. Corporate Guaranteed 15 Year Lease With 8+ Years Remaining On Initial Term, & Three 5-Year Options. Triple Net Lease With Zero Ll Responsibilities. Property Is Located On A Major Corridor Leading Into Iron Mountain With Traffic Counts Of Almost 20000 Per Day, Surrounded By National Retailers Including; Walmart, K-Mart, Dollar Tree & Tractor Supply.

Area Description

Iron Mountain Is The County Seat Of Dickinson County, In The Upper Peninsula Of Michigan. The City'S Population Is Approx 9000 And It'S The Principal City Of The Iron Mountain, Mi?Wi Msa. With The Numerous Outdoor Activities Afforded To It By It'S Close Proximity To National Parks, Ski Resorts, And The Menominee River, Iron Mountain Is A Popular Tourist Destination, Attracting Many Large National Retailers To The Area.