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.
Rent to Sales Ratio Below 5.25% - A low rent-to-sales ratio suggests the location is financially healthy for the tenant.
Drive Thru Equipped Building - The drive-thru adds convenience for customers and supports strong sales volume.
Retrofit to Tenant's Specs in 2022 - Recent upgrades tailored to the tenant reduce near-term capital needs.
29,000+ Vehicles Pass the Site Every Day - High daily traffic provides strong visibility and customer exposure.
Located at a Signalized Intersection On US-10, Ludington's Main Retail Thoroughfare - This prime corner location offers excellent access and strong retail positioning.
Coveted Northern Michigan Summer Vacation Community - The area benefits from seasonal tourism that can boost customer traffic and sales.