5018 US-23

Prime investment opportunity at 5018 N US 23 Highway, in Oscoda, MI. This newly constructed retail building features a secure 10-year lease with national tenant, Dollar Tree. Located along busy US-23, it offers high visibility in the retail corridor of Oscoda with steady foot traffic. Current lease has eight years remaining with three 5-year renewal options with rent escalations every five years. Net operating income of $132,500 at a 7% cap rate offers a lucrative return on investment. Building is on 0.69 acres, offering 32 ample parking spaces.

Oscoda, Michigan is a lakeside town where Lake Huron meets the Au Sable River. Known for its wide sandy beaches, clear water, and dark-sky views, it’s a favorite spot for swimming, kayaking, fishing, and stargazing during the summer; and winter get away for hunting, ice fishing and cross country skiing. With a mix of small-town charm, outdoor adventure, and peaceful Up North vibes, Oscoda is bustling year round.

• 10,000 SF new build retail building
• 10 Year, NN lease with nation tenant
• 3 - 5 year options
• $132,500 NOI
• Located along popular US Highway