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Former Drug Store for Sale or Lease 195 M 66 N
11,180 SF of Retail Space Available in Charlevoix, MI 49720
Highlights
- Brand New Roof in 2022 with 20-year Transferrable Warranty.
- 43 Total Parking Spaces.
- Drive Thru Equipped.
Space Availability (1)
Display Rent as
- Space
- Size
- Term
- Rent
- Service Type
| Space | Size | Term | Rent | Service Type | ||
| 1st Floor | 11,180 SF | 1-10 Years | Upon Application Upon Application Upon Application Upon Application Upon Application Upon Application | TBD |
1st Floor
11,180 Square Foot Former Pharmacy Building Located on 1.13 Acres of Land. Brand New Roof Installed in 2022 with a 20 Year Transferable Warranty. Drive Thru Equipped Asset - The Former Tenant Invested $$ into a Remodel in 2018. Combined Traffic Counts in Excess of 27,930 Daily.
- Fully Built-Out as a Convenience Store
- Space is an outparcel at this property
- Space is in Excellent Condition
- Central Air Conditioning
- Energy Performance Rating - A
- Drive Thru
- Brand New Roof in 2022 with 20-year Transferrable.
- Drive Thru Equipped.
- 43 Total Parking Spaces.
Rent Types
The rent amount and type that the tenant (lessee) will be responsible to pay to the landlord (lessor) throughout the lease term is negotiated prior to both parties signing a lease agreement. The rent type will vary depending upon the services provided. For example, triple net rents are typically lower than full service rents due to additional expenses the tenant is required to pay in addition to the base rent. Contact the listing agent for a full understanding of any associated costs or additional expenses for each rent type.
1. Full Service: A rental rate that includes normal building standard services as provided by the landlord within a base year rental.
2. Double Net (NN): Tenant pays for only two of the building expenses; the landlord and tenant determine the specific expenses prior to signing the lease agreement.
3. Triple Net (NNN): A lease in which the tenant is responsible for all expenses associated with their proportional share of occupancy of the building.
4. Modified Gross: Modified Gross is a general type of lease rate where typically the tenant will be responsible for their proportional share of one or more of the expenses. The landlord will pay the remaining expenses. See the below list of common Modified Gross rental rate structures: 4. Plus All Utilities: A type of Modified Gross Lease where the tenant is responsible for their proportional share of utilities in addition to the rent. 4. Plus Cleaning: A type of Modified Gross Lease where the tenant is responsible for their proportional share of cleaning in addition to the rent. 4. Plus Electric: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the electrical cost in addition to the rent. 4. Plus Electric & Cleaning: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the electrical and cleaning cost in addition to the rent. 4. Plus Utilities and Char: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the utilities and cleaning cost in addition to the rent. 4. Industrial Gross: A type of Modified Gross lease where the tenant pays one or more of the expenses in addition to the rent. The landlord and tenant determine these prior to signing the lease agreement.
5. Tenant Electric: The landlord pays for all services and the tenant is responsible for their usage of lights and electrical outlets in the space they occupy.
6. Negotiable or Upon Request: Used when the leasing contact does not provide the rent or service type.
7. TBD: To be determined; used for buildings for which no rent or service type is known, commonly utilized when the buildings are not yet built.
PROPERTY FACTS FOR 195 M 66 N , Charlevoix, MI 49720
| Property Type | Retail | Year Built/Renovated | 1996/2018 |
| Property Subtype | Drug Store | Parking Ratio | 3.85/1,000 SF |
| Gross Internal Area | 11,180 SF |
| Property Type | Retail |
| Property Subtype | Drug Store |
| Gross Internal Area | 11,180 SF |
| Year Built/Renovated | 1996/2018 |
| Parking Ratio | 3.85/1,000 SF |
About the Property
Excellent opportunity to purchase or lease a prime standalone former drug store building that has plenty of parking and features a drive through window for a variety of uses. The property is just south of beautiful Downtown Charlevoix, MI, which is home to Lake Michigan, Round Lake and Lake Charlevoix beaches, golf courses, and year-round attractions. The building is located within the main retail center for the Charlevoix area anchored by Family Fare Grocery Store. The site provides premium exposure and accessibility with 41 standard parking spaces and 2 Accessible Spaces. The property has direct frontage on M66 with visibility from the intersection of US 31 and M 66 with combined AADT 27,930+. The previous drug store did $5.8 Million in sales in the past 12 months. Final Lease rate is subject to agreement of lease terms.
- Drive Thru
Nearby Major Retailers
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Former Drug Store for Sale or Lease | 195 M 66 N
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