Offering Memorandum

Investment Sale

Lincoln Bridge Plaza

704 S Main St
Cheboygan, Michigan

eCode:017i

Sales Price

$1,700,000

NOI

$163,982

Cap Rate

9.65%

Building Size

29,586 SF

Lot Size

2.23 AC

Anchor(s)

Ace Hardware

Tenant Roster

  • Little Caesars
  • Wild West Tobacco
  • Bankers Life
  • W&W Wellness
  • Alcona Health
  • Alpine Eye
  • Continental

Traffic Count

S Main St (13,620 CPD)
W Lincoln Ave (5,368 CPD)

Highlights

  • Strong Retail/Media Tenant Mix
  • Strategic Medical Location – McLaren Health Center
  • Successful Retail Market – Cheboygan
  • Recent Building Improvements

Radius 1 mile 3 mile 5 mile
Population Density 2,825 6,585 9,375
Household Income $57,803 $56,915 $58,346
Daytime Pop 3,028 4,653 5,159

SIMILAR PROPERTIES

Multi-Tenant
115 S Reynolds Rd
Toledo, Ohio

$2,280,000 | 23,100 SF
Single-Tenant
219 Jari Dr
Johnstown, Pennsylvania

$4,493,493 | 19,200 SF
Multi-Tenant
2951-2963 Navarre Ave
Oregon, Ohio

$5,604,686 | 15,233 SF
Multi-Tenant
17000 Kercheval Ave
Grosse Pointe, Michigan

Unpriced | 78,058 SF

Offering Memorandum

Confidentiality Agreement*

Download Agreement