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Aspen Dental / AT&T 6385 B Dr N

8,064 SF 100% Leased Retail Building Battle Creek, MI 49014 £3,325,413 (£412/SF) 6.95% Net Initial Yield

Investment Highlights

  • Corporate Leases for both Aspen Dental and AT&T
  • Top performing location for Aspen Dental based on Placer AI data
  • Very strong retail corridor with strong occupancy and national credit tenants
  • Recently extended lease for AT&T
  • Outlot to top performing Meijer
  • Hard corner at signalized intersection

Executive Summary

Bellagio Real Estate Partners, LLC, in conjunction with Stokas Bieri Real Estate, is pleased to present the opportunity to acquire an AT&T and Aspen Dental outlot center located at 6385 B Drive N, Battle Creek, Michigan. The asset is occupied by two attractive national retailers with corporate leases: Aspen Dental and AT&T. AT&T just extended for a new 5 year lease term, demonstrating their long term commitment to the location and submarket. The site is surrounded by area attractions such as: Meijer, Target, Walmart, Best Buy, Hobby Lobby, Kohl’s, Michaels, Petco, Sam’s Club, Menards, Walgreens, and Starbucks, among many others.

Data Room Click Here to Access

Financial Summary (Actual - 2024) Click Here to Access

Annual Annual Per SF
Gross Rental Income - -
Other Income - -
Vacancy Loss - -
Effective Gross Income - -
Net Operating Income $99,999 $9.99

Financial Summary (Actual - 2024) Click Here to Access

Gross Rental Income
Annual -
Annual Per SF -
Other Income
Annual -
Annual Per SF -
Vacancy Loss
Annual -
Annual Per SF -
Effective Gross Income
Annual -
Annual Per SF -
Net Operating Income
Annual $99,999
Annual Per SF $9.99

Property Facts

Sale Type
Investment
Property Type
Retail
Property Subtype
Freestanding
Building Size
8,064 SF
Building Class
B
Year Built
2008
Price
£3,325,413
Price Per SF
£412
Net Initial Yield
6.95%
NOI
£231,131
Percent Leased
100%
Tenancy
Multiple
Number of Floors
1
Building FAR
0.14
Lot Size
1.37 AC
Zoning
C-1
Parking
61 Spaces (7.56 Spaces per 1,000 SF Leased)
Frontage
133 ft on B Drive N
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6385 B Dr N, Battle Creek, MI - aerial map view

Nearby Major Retailers

Caribou Coffee
Chili's Grill & Bar
ALDI
Buffalo Wild Wings
Meijer
Applebee's
Steak ‘n Shake
Starbucks
Huntington Bank
BIGGBY Coffee

PROPERTY TAXES

Parcel Number 10-030-011-15 Improvements Assessment £0
Land Assessment £0 Total Assessment £551,972

PROPERTY TAXES

Parcel Number
10-030-011-15
Land Assessment
£0
Improvements Assessment
£0
Total Assessment
£551,972
(480) 205-7637

Contacts

  • Listing ID: 30701747

  • Date on Market: 19/01/2024

  • Last Updated:

  • Address: 6385 B Dr N, Battle Creek, MI 49014

The Retail Property at 6385 B Dr N, Battle Creek, MI 49014 is currently available for sale. Contact Bellagio Real Estate Partners LLC for more information.

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© 2024 CoStar Group

Aspen Dental / AT&T | 6385 B Dr N
(480) 205-7637 x

Aspen Dental / AT&T | 6385 B Dr N

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Brad Teitelbaum

(480) 205-7637

(480) 205-7637

Connor Oke

(765) 293-2933

(765) 293-2933

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