1366 W Main St | Gaylord, MI 49735
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1366 W Main St
Gaylord, MI 49735
Aldi · Retail Property For Sale
Investment Highlights
- ESSENTIAL GROCERY TENANT: Lease is guaranteed by Aldi Inc, one of the country’s fastest growing grocery retailers.
- REGIONAL TRADE AREA: Aldi is surrounded by national big box retailers including Walmart, Home Depot, Lowe’s, Meijer, TJ Maxx, Hobby Lobby and others.
- EXCELLENT ACCESS POINTS: The property has multiple access points along Main St (29,231 CPD), the Gaylord market’s main thoroughfare.
- LONG TERM LEASE: Aldi has over 15 years of term remaining on their original lease with four, five-year options with stated rent increases.
- NEWER CONSTRUCTION: The building was constructed in 2016 eliminating the need for short term capital expenditures.
PROPERTY FACTS
Property Type
Retail
Property Subtype
Storefront
Building Size
18,850 SF
Building Class
B
Year Built
2016
Tenancy
Single
Building Height
1 Story
Building FAR
0.24
Lot Size
1.80 AC
Zoning
CM
Parking
40 Spaces (1.86 Spaces per 1,000 SF Leased)
Frontage
498 FT on West Main Street
PROPERTY TAXES
| Parcel Number | 101-032-000-025-01 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $376,900 |
PROPERTY TAXES
Parcel Number
101-032-000-025-01
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$376,900
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