2425 S I-75 Business
Grayling, MI 49738
Tractor Supply Company · Retail Property For Sale
Property Facts
Sustainability
Sustainability
ENERGY STAR® Energy Star is a program run by the U.S. Environmental Protection Agency (EPA) and U.S. Department of Energy (DOE) that promotes energy efficiency and provides simple, credible, and unbiased information that consumers and businesses rely on to make well-informed decisions. Thousands of industrial, commercial, utility, state, and local organizations partner with the EPA to deliver cost-saving energy efficiency solutions that protect the climate while improving air quality and protecting public health. The Energy Star score compares a building’s energy performance to similar buildings nationwide and accounts for differences in operating conditions, regional weather data, and other important considerations. Certification is given on an annual basis, so a building must maintain its high performance to be certified year to year. To be eligible for Energy Star certification, a building must earn a score of 75 or higher on EPA’s 1 – 100 scale, indicating that it performs better than at least 75 percent of similar buildings nationwide. This 1 – 100 Energy Star score is based on the actual, measured energy use of a building and is calculated within EPA’s Energy Star Portfolio Manager tool.
About 2425 S I-75 BUSINESS , GRAYLING, MI 49738
Kmart: 14.5% CAP | Solid Sales | Only Area Big-Box Marcus & Millichap, on behalf of ownership as its exclusive advisor, is pleased to bring to market a single tenant Kmart in Grayling, Michigan. The 52,320-square-foot building is leased through September 2018 to double-net terms. As a double-net lease, the landlord has minimal responsibilities, limited to the roof, structure, and parking lot repair and replacement. The property has upside via future re-leasing at greater than the current $4.96 per square foot rent. The tenant has occupied the site for 33 years, taking tenancy of the building in 1984. The subject property benefits from its location along Interstate 75 Business Loop, the primary corridor through town, seeing 19,606 cars per day and 28,702 at the intersection of I-75 BL and Huron Street. Demographics in this regional trade area are stable, with 6,180 residents within five miles and 11,104 residents within ten miles. Kmart benefits from minimal competition as the only big box national retailer in town. The nearest Walmart and Meijer are 35 minutes away, and the next closest Kmart is 43 minutes away.
Property Taxes
| Parcel Number | 070-017-006-126-01 | Improvements Assessment | $694,100 |
| Land Assessment | $0 | Total Assessment | $694,100 |
Property Taxes
