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Grocery Anchored Portfolio - MI, MO, NC

6 Retail Properties Offered at £11,076,654 in Multiple Locations

Investment Highlights

  • 6 Different Properties among 3 different states allow for Diversification and Risk Mitigation
  • $48 PSF
  • The Shopping Centers Sit Along Well Trafficked Roads With Great Visibility
  • Immediate Upside With Allowing a New Owner to Come in and Convert Existing Leases to Triple Net (NNN) - National Credit Tenants
  • 93% Occupied - Each Center is anchored by a Grocery Store

Executive Summary

This exceptional portfolio of 5 Grocery Anchored Centers and Tuffy’s Auto is now available for sale at a price of $14,121,000, featuring an attractive cap rate of 8.50% and a strong NOI of $1,200,281 and low price psf at $48 PSF. Surrounded by notable retail options, these properties offer immediate upside potential with the opportunity to consolidate each property and to convert existing leases into Triple Net (NNN), enhancing revenue and streamlining management. Spanning 291,200 square feet across 6.92 acres, this portfolio promises solid cash flow and growth opportunities, as well as solid National and Credit tenants. Don’t miss this rare chance to invest in an asset with strong performance and huge upside. Contact us today for more information.

Property Facts

Price £11,076,654
Price / SF £39.26 / SF
Net Initial Yield 8.50%
Sale Type Investment NNN
Status Active
Number of Properties 6
Individually For Sale 0
Total Building Size 282,134 SF
Total Land Area 34.11 AC

Properties

Property Name / Address Property Type Size Year Built Individual Price
1357-1377 W Coldwater Rd, Flint, MI 48505 Retail 26,000 SF 1962 -
373 N Willowbrook Rd, Coldwater, MI 49036 Retail 89,254 SF 1991 -
King Hill Plaza
7014 King Hill Ave, Saint Joseph, MO 64504
Retail 75,000 SF 1974 -
116 N Walnut St, Fairmont, NC 28340 Retail 51,800 SF 1984 -
804-808 E 5th St, Tabor City, NC 28463 Retail 36,620 SF 1975 -
Tuffy Auto Service Centers
11524 N Saginaw Rd, Clio, MI 48420
Retail 3,460 SF 1980 -
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  • Listing ID: 34047165

  • Date on Market: 02/12/2024

  • Last Updated:

  • Address: Grocery Anchored Portfolio - MI, MO, NC, Flint, MI

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