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Exceptional investment opportunity in one of Traverse City's most highly visible commercial corridors. This fully occupied, multi-tenant commercial property is strategically located on US-31 in Garfield Township, next to Red Lobster and across from Chick-fil-A. The property is currently leased to four established tenants, all operating under newer or recently renewed leases with annual rent increases. All leases are true triple-net (NNN), providing an attractive, stabilized investment opportunity with predictable income growth. Excellent visibility, strong traffic counts, convenient access, and a highly desirable location surrounded by established national and local businesses. Rent roll and additional financial information available to qualified buyers upon request.
Features
Exterior Type: Frame
Exterior Type: Block
Legal Description: PRT NE 1/4 OF NW 1/4 SEC 21 T27N R11W BEG 462' N OF SE COR TH S 89 DEG 59' W 298.49' TH N 0 DEG 33' W 187.36' TH N 90 DEG E 298.49' TH S 0 DEG 33' E 187.31' TO POB EXC HWY R/W