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
7848 Mall Rd & 7852 Mall Rd
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Smokey Bones: $1,909,492
BJ's Brewhouse: $2,218,333 | Smokey Bones: 7,200 SF
BJ's Brewhouse: 8,500 SF
Multi-Tenant
11400-11500 Telegraph Rd
Taylor, Michigan

Unpriced | 83,964 SF
Single-Tenant
1951 Midway Mall
Elyria, Ohio

$1,440,000 | 8,475 SF
Single-Tenant
717 E Lake Shore Dr
Manistique, Michigan

$2,215,385 | 35,299 SF

Offering Memorandum

Confidentiality Agreement*

Download Agreement