2161 W Houghton Lake Dr
Prudenville, MI 48651

Northmarq is pleased to offer for sale to qualified investors, the opportunity to purchase a fee-simple interest in the Pleasantrees asset located in Prudenville, MI (the “Property”). The Property consists of a 4,158-square-foot retail building on a 0.97-acre parcel of land. Pleasantrees is operating under a longterm, absolute NNN lease with nearly 12 years remaining. Additionally, the lease includes rare 2.50% annual rent increases, offering investors a hedge against inflation and a boost to the overall investment yield. See the lease abstract for more details.
The Property is located in Prudenville, MI, a popular destination community on the shores of Houghton Lake, which is the largest inland lake in the state of Michigan. The Property is an outparcel to a major regional shopping center anchored by Walmart Supercenter and The Home Depot, both of which attract shoppers from a large geographical area and increase the underlying value of the Property's real estate. The site sits directly on W. Houghton Lake Drive and has exposure to 11,755 VPD.