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

Single-Tenant
1007 Memorial Rd
Houghton, Michigan

$5,468,750 | 14,550 SF
Single-Tenant
139 Javit Court
Austintown, Ohio

$3,279,859 | 10,505 SF
Single-Tenant
28805 Mound Rd
Warren, Michigan

$1,358,518 | 2,178 SF
Multi-Tenant
3309-3139 Oak View Dr
Omaha, Nebraska

Unpriced | 91,350 SF

Offering Memorandum

Confidentiality Agreement*

Download Agreement