Grocery Anchored Portfolio - MI, MO, NC
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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 | Number of Properties | 6 |
Price / SF | £39.26 / SF | Individually For Sale | 0 |
Net Initial Yield | 8.50% | Total Building Size | 282,134 SF |
Sale Type | Investment NNN | Total Land Area | 34.11 AC |
Status | Active |
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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Grocery Anchored Portfolio - MI, MO, NC
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