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512 S Mission St
Mount Pleasant, MI 48858
Retail Property For Lease
·
9,000 SF
PROPERTY FACTS
| Total Space Available | 9,000 SF | Gross Leasable Area | 18,104 SF |
| Property Type | Retail | Year Built/Renovated | 1960/2022 |
| Property Subtype | Freestanding | Parking Ratio | 0.72/1,000 SF |
| Total Space Available | 9,000 SF |
| Property Type | Retail |
| Property Subtype | Freestanding |
| Gross Leasable Area | 18,104 SF |
| Year Built/Renovated | 1960/2022 |
| Parking Ratio | 0.72/1,000 SF |
ABOUT THE PROPERTY
• 18,104 SF Retail property For Sale in Mt Pleasant • 9,000 SF For Lease with a rate of $8.00/SF NNN • $1,399,000 purchase price on a Sale Leaseback at 7% Cap rate • 2 tenants producing an NOI of $107,000 • Seller will sign a 7-year lease with a 7-year option with a 10% bump • Building has been completely renovated in 2022 • Upstairs tenant has a 3-year lease with two 3-year options
- Air Conditioning
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