alt
alt
alt
View All

For Sale

Domino's

206 Cypress St,
Manistee, MI 49660

Asset Snapshot

$35,974.92
NOI
1998
Year Built
2023
Year Renovated
100%
Occupancy

Offering Summary

Investment Overview

.


Investment Highlights

  • 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.

How it Works

Need Help?

Your brokers are your first point of contact for any listing or process questions. For additional support:

Listing Syndicated From

Buildout
For Sale
$513,900
Asking Price