Catylist ID: #30338465
Net Leased Retail Center For Sale
Shopping Center for Sale
|Catylist Listing ID:||30338465|
|Property Subtypes:||Strip Center|
|Building Size (RSF):||13,440 SF|
|Gross Land Area:||1.48 Acres|
|Unit Price:||$78.13 PSF|
|Property Use Type:||Net Leased Investment (NNN), Investment|
|Building Name:||Williamston Retail Center|
|Sale Terms:||Cash to Seller|
|Average Occupancy Rate:||90|
Overview / Comments
This net lease retail center is located in the City of Williamston and includes a mix of both national and local retail tenants.
The building was construction in 1997 and has great curb appeal. The center is ideally located on Grand River Ave, which provides the main link to Okemos and the Lansing area to the West. Inside the City limits, the property is benefited by a lower speed limit in the area giving motorists the opportunity to safely enter and exit as well as getting a good idea of the tenants in the plaza. A large street sign provides extra exposure to the passing traffic.
Long term lease are in place and good upside exists in filling vacancy, which is current in progress. Tenant mix is well varied, providing consistent traffic flow that benefit all tenants. The area is well above average median income, providing an exception customer base for the tenants.
An additional expansion parcel is also available adding an additional 1.51 acres. Perfect for a STNL building or additional retail suites.
A full offering memorandum is available. Please inquire for NDA and access.
Attachments & Media
|Nearest MSA:||Lansing-East Lansing|
|Taxing Authority:||Ingham County / City of Williamston|
|Retail Clientele:||General, Family|
|Feet of Frontage:||215|
|Total Number of Buildings:||1|
|Heat Type:||Natural Gas|
|Air Conditioning:||Package Unit|
|Proximity:||1 mile||3 miles||5 miles|
Matthew Wisniewski, CCIMRE/MAX COMMERCIAL GROUP
|The information presented herein is provided as is, without warranty of any kind. Neither Commercial Property Information Exchange (CPIX) nor Catylist Real Estate Software, Inc. assume any liability for errors or omissions.|