Retail Space
534 East Main Street Owosso, MI 48867
Details & Description
Price: $1,300,000
    Single site sale/leaseback opportunity. 20 year NNN lease with 10% increase every 5 years. Minimum base rent of $7,000 at 6.5% cap rate. 1+/- acre, corner parcel, high traffic intersection, 4,500 SF freestanding building including a drive-thru. NNN leaseback to established Hardee's franchisee. Building was built in 1990 and renovated in 2018.Lot & business to be sold in-conjunction.
    Property ID:    301854
    Property URL: melqr.com/301854
    Generated:    04-26-24
    Property Highlights
    • Base rent $7,000 monthly w/10% increase every 5yrs
    • NNN - Sale Leaseback
    Additional Photos
    Listing Agents
    Stephanie Gilezan

    O: 502-640-3622
    commercial@gilezanteam.com
    While we strive to provide the most accurate information, all listing information, and demographic data, is provided by third-parties. As such, MyEListing will not be responsible for the accuracy of the information. It is strongly recommended that you verify all information with the listing agent, and any relevant agencies, prior to making any decisions.
    Retail Space / Michigan / Owosso / 48867 / 534 East Main Street

    534 East Main Street

    Owosso, MI 48867

    No Longer Listed
    • 534 East Main Street Owosso, MI 48867 | for Sale | Photo 1
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    • 534 East Main Street Owosso, MI 48867 | for Sale | Photo 6
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    Price
    $ /mo
    Property Highlights
    Base rent $7,000 monthly w/10% increase every 5yrs
    NNN - Sale Leaseback
    Long term tenant
    Description

    Single site sale/leaseback opportunity. 20 year NNN lease with 10% increase every 5 years. Minimum base rent of $7,000 at 6.5% cap rate. 1+/- acre, corner parcel, high traffic intersection, 4,500 SF freestanding building including a drive-thru. NNN leaseback to established Hardee's franchisee. Building was built in 1990 and renovated in 2018.

    Lot & business to be sold in-conjunction.

    Owosso Area Market Trends

    Listing Demographics for 534 East Main Street Owosso, MI 48867

    All information based on the most recently available data (updated annually) and is provided in 1-mile, 3-mile, and 5-mile radii (radiuses) of the property location.

    1-Mile 3-Miles 5-Miles
    Total Population8,80021,78526,771
    Population Median Age374041
    Population by Age0-9 Yrs1113 (12%)2753 (12%)3218 (12%)
    10-19 Yrs1348 (15%)2607 (11%)3258 (12%)
    20-29 Yrs1350 (15%)3008 (13%)3493 (13%)
    30-39 Yrs1178 (13%)2800 (12%)3411 (12%)
    40-49 Yrs1004 (11%)2435 (11%)3024 (11%)
    50-59 Yrs998 (11%)2707 (12%)3388 (12%)
    60-69 Yrs1010 (11%)2633 (12%)3359 (12%)
    70+ Yrs799 (9%)2842 (13%)3622 (13%)
    Median HH Income$41,114$44,071$45,063
    Total Household Income< 24K1054 (27%)2438 (25%)2980 (25%)
    25-49K1205 (31%)2827 (30%)3322 (28%)
    50-74K784 (20%)1798 (19%)2143 (18%)
    75-99K410 (10%)1202 (12%)1521 (13%)
    100-199K281 (7%)1000 (10%)1380 (11%)
    200K+43 (1%)132 (1%)175 (1%)
    Highest Education LevelNo Diploma58715111775
    Diploma or GED202953746697
    Some College168339554979
    Assoc. Degree58016141974
    Bachelors Degree67618292246
    Higher Degree196686937
    Total Housing Units4,23010,36712,661
    --Owner-Occupied2,1175,8917,580
    --Renter-Occupied1,6613,5063,941
    Owner-Occupied Values< 100K126030143435
    100-199K78822843123
    200-299K42480794
    300-399K674134
    400-499K81754
    500K+152141
    Total Working Age Population7,02617,69021,904
    In Work Force4,55410,93113,266
    Not In Work Force2,4726,7598,638
    Workforce Employed4,28310,40512,641
    Workforce Unemployed246492587
    Civlian Workforce4,52910,89713,229
    Military Workforce253438
    Total Households3,7789,39711,521
    Family Households1,9595,3106,674
    Non-Family Households1,8194,0874,846
    Married Couple1,2063,5524,582
    Other Family7541,7582,093
    Married w/Child5451,2451,572
    Single Male w/Child156325396
    Single Female w/Child312735863

    Population Change Last Two Decades - Plus Projection

    2000%2010%2020%2030
    Michigan9,938,444-19,883,640+110,023,423+410,424,510
    Shiawassee County71,687-170,648-468,157068,178

    Total Working Age Population:

    Total Households:

    Total Working Age Population:

    Total Households:

    Total Working Age Population:

    Total Households:

    No part of this information may be copied, reproduced, repurposed, or screen-captured for any commercial purpose without prior written authorization from MyEListing.

    While we strive to provide the most accurate information, all listing information, and demographic data, is provided by third-parties. As such, MyEListing will not be responsible for the accuracy of the information. It is strongly recommended that you verify all information with the listing agent, and any relevant agencies, prior to making any decisions.

    Common Questions and Answers

    What is the asking price for 534 East Main Street in Owosso?
    The asking price for 534 East Main Street is $1,300,000
    What is the building size of this Retail property in Owosso, MI?
    The size of the building/unit at 534 East Main Street in Owosso is 4,500 square feet
    How much land does the Owosso, MI property at 534 East Main Street include?
    534 East Main Street in Owosso includes 0.980 acres of land
    What kind of Retail is the propery at 534 East Main Street?
    The property at 534 East Main Street Owosso, MI 48867 is listed as a Food Service Retail property
    What is the population within 1 mile of 534 East Main Street in Owosso?
    The population within 1 mile of 534 East Main Street Owosso, MI 48867 is 8,800 people.
    Who do I contact for questions about 534 East Main Street?
    You should contact the listing agent, Stephanie Gilezan, for any details regarding this commercial listing.

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    Closest Commercial Airports

    Airport Distance (mi)
    MBS International Airport (MBS) 37
    Detroit Metropolitan Wayne County Airport (DTW) 68
    Toledo Express Airport (TOL) 99
    --
    No Longer Listed
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