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- LoopNet Team
1570 N Clare Ave
Harrison, MI 48625
Family Fare · Retail Property For Sale
PROPERTY FACTS
AMENITIES
- Signage
ABOUT 1570 N CLARE AVE , HARRISON, MI 48625
Marcus & Millichap exclusively offers for sale the fee simple interest in the Family Fare grocery store located in Harrison, MI and operated by SpartanNash of Grand Rapids, MI. The 38,864 square foot grocery store was constructed in 2001 under a 15 year triple net lease. In 2004, Family Fare ground leased a one acre parcel for the development of a fuel station and convenience store. Family Fare recently exercised a five year option for the grocery store, extending the lease term to December 31, 2021. The ground lease for the fuel center expires November 30, 2019 with no remaining options. The combined rents for both parcels reflect a net operating income of $383,692. Landlord maintains CAM. Tenant reimburses for CAM, taxes and insurance and is responsible for all building repairs and replacements, including roof and HVAC system for the grocery store. Available for purchase but separate from the offering are two out lots on either side of the fuel station, totaling 1.7 and .9 acres respectively. The nearest Walmart’s are approximately 30 miles to the north in Houghton Lake, MI and 30 miles south in Mt. Pleasant, MI. Harrison, Michigan is located in Clare County near the junction of Hwy. 127 and M-61 in central Michigan.
