Morgan Milzow & Ford, Realtors®
Nicki Warner, Morgan Milzow & Ford, Realtors®Phone: (248) 931-6601
Email: [email protected]
Real estate listing preview #1Real estate listing preview #2Real estate listing preview #3Real estate listing preview #4Real estate listing preview #5Real estate listing preview #6Real estate listing preview #7Real estate listing preview #8Real estate listing preview #9Real estate listing preview #10Real estate listing preview #11Real estate listing preview #12Real estate listing preview #13Real estate listing preview #14
listing
1 of 14
CommercialFor Sale
$2,050,000
5018 N Us 23 Highway
Oscoda, MI 48750
Listed by: Berkshire Hathaway HomeServices Kee Realty Bham, (248) 646-6200
MLS: Realcomp II Ltd
10,004Sq Ft
Est. Mortgage
$10,682/mo

Fantastic investment opportunity with a newly built retail shopping center leased to a single-tenant Dollar Tree at 5018 N US-23, Oscoda, MI 48750. Completed in 2024, this property is strategically located along the high-traffic US-23 corridor in Oscoda Township, offering excellent visibility. The Dollar Tree is secured under a 10-year NN (Double Net) lease, starting October 31, 2024, to November 1, 2034, featuring $0.50 rent bumps every 5 years. There are three 5-year renewal options with the same rent bumps, ensuring stable and growing income. The property delivers a Net Operating Income (NOI) of $132,500 annually with a 6.49% cap rate, providing a solid return for investors. Set on a 0.69-acre lot, the property includes 32 parking spaces, supporting high customer traffic. The building’s modern design enhances retail success, and its prime location in a growing market area adds further value. The property is connected to public sewer, has paved road frontage, and is free of encroachments, making it a hassle-free investment. With strong lease terms, a reputable national tenant, and minimal landlord responsibilities, this single-tenant retail center offers reliable cash flows and future growth potential. Don’t miss this chance to own a newly built, high-demand retail property with a secure, long-term lease.

Get in touch
Compliance Image
IDX provided courtesy of Realcomp II Ltd. via Nicki Warner and Realcomp II Ltd, ©2024 Realcomp II Ltd. Shareholders. Information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing and that the data is deemed reliable but not guaranteed accurate by the MLS.
Community / School Information