Offering Memorandum

Investment Sale

Tractor Supply Co.

91 W Pine Lake Dr
Newaygo, Michigan

eCode:037i

Sales Price

$2,215,385

NOI

$144,000

Cap Rate

6.50%

Lease Expiration

4/30/2030

Building Size

34,886 SF

Year Built

2000, Renovated 2020

Traffic Count

82nd St (6,522 CPD)
Mason Dr (12,502 CPD)

Highlights

*Available Separately or as a Portfolio

Individual Price: $2,215,385 | 6.50% CAP | $144,000 NOI

Portfolio Price Including Manistique: $4,430,769 | 6.50% CAP

Please contact Broker for Details

Radius 1 mile 3 mile 5 mile
Population Density 2,592 6,113 10,397
Household Income $64,914 $75,506 $74,602
Daytime Pop 2,006 2,341 3,219

SIMILAR PROPERTIES

Multi-Tenant
7848 Mall Rd & 7852 Mall Rd
Florence, Kentucky

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