12 Years Remaining on Initial 15 Year Lease Term - Provides longterm lease stability.
2% Annual Rental Increases - Built in rent-growth creates compounding income increases over time to hedge against inflation and create property value.
Rent to Sales Ratio Below 5% - A low rent to sales ratio suggests the location is financially strong 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 2023 - Recent upgrades tailored to the tenant reduce near-term capital needs.
New Roof, HVAC, and Drive Thru Located on Manistee's Main Retail Thoroughfare - This prime location offers excellent access and strong retail positioning nearby all of the national and regional tenants.
Coveted Northern Michigan Summer Destination - The area benefits from seasonal tourism that boosts customer traffic and sales.