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403 W Mile Rd NW, Kalkaska, MI, 49646

Advance Auto Parts
$993,243

Key Information

Cap Rate
7.4%
Tot. SF
6,124
Lot Size
0.6 Acres
Year Built
2011
Term Remaining
+/- 11 Yrs
Type
Retail
NOI
$73,500

Highlights

  • Constructed in 2011 as a built-to-suit for Advance Auto Parts.
  • Tenant recently executed an early 10-year lease extension through October 2036, with two additional five-year renewal options extending potential occupancy through 2046—reflecting long-term operational commitment.
  • Kalkaska is a gateway to Lake Michigan, and provides opportunity for outdoor activities in all seasons such as camping, ATVs, snowmobiles, and mountain biking.
  • Healthy average household income of $73,945 in a 5-mile radius.
  • Nearby national tenants include Arby’s, Burger King, Taco Bell, McDonalds, Dollar General, Ace Hardware, and more.
  • Advance Auto Parts adjusted the rent commencing in the extended term, boosting store profitability and ensuring long-term success at this location.

Photos

Location

Agents

Broker of Record

Matthew Fitzgerald

License # 6505432273 (MI)
Matthews Real Estate Investment Services, Inc
1600 West End Ave, Ste. 1500 Nashville, TN 37203