Value Add Multi-Tenant Retail | Adj to Aldi | 1384 W Main St
This feature is unavailable at the moment.
We apologize, but the feature you are trying to access is currently unavailable. We are aware of this issue and our team is working hard to resolve the matter.
Please check back in a few minutes. We apologize for the inconvenience.
- LoopNet Team
thank you
Your email has been sent!
Value Add Multi-Tenant Retail | Adj to Aldi 1384 W Main St
13,230 SF 53% Leased Retail Building Gaylord, MI 49735 £2,034,370 (£154/SF) 6.14% Net Initial Yield
Investment Highlights
- Strong Tenant Lineup & Synergy | Options To Extend | Value-Add Opportunity
- Excellent Visibility & Access | Retail Thoroughfare (28,900 VPD) | Dense Retail Corridor | Adjacent To ALDI & Panera Bread
Executive Summary
SRS Multi-Tenant Investments is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in a multi-tenant retail building investment property located in Gaylord, Michigan. The offering features a strong tenant lineup including Five Guys, Wild Bills, Great Clips, and Tropical Smoothie Cafe. The concentration of retailers promotes strong tenant synergy and increases crossover retail exposure to the overall site. The center is 53% leased, providing a great value-add opportunity for a future owner to leaseup the vacancies and capitalizing on the potential income stream from raising existing tenants’ rent to market rate.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Building Size
13,230 SF
Year Built
2016
Price
£2,034,370
Price Per SF
£154
Net Initial Yield
6.14%
NOI
£124,889
Percent Leased
53%
Tenancy
Multiple
Number of Floors
1
Building FAR
0.21
Land Acres
1.48 AC
Opportunity Zone
Yes
Zoning
C-2 - Central Commercial District
Parking
36 Spaces
Amenities
- Corner Lot
- Dedicated Turn Lane
- Freeway Visibility
- Restaurant
- Signage
Nearby Major Retailers
PROPERTY TAXES
Parcel Number | 101-032-000-025-06 | Improvements Assessment | £0 |
Land Assessment | £0 | Total Assessment | £438,720 |
PROPERTY TAXES
Parcel Number
101-032-000-025-06
Land Assessment
£0
Improvements Assessment
£0
Total Assessment
£438,720
1 of 10
VIDEOS
3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
Presented by
Value Add Multi-Tenant Retail | Adj to Aldi | 1384 W Main St
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.