About This Restaurant
Investment Highlights
100% Occupied, NNN Service-Oriented Center, Shadow Anchored by Corporately Owned, Kohl?s Attractive 7.50% CAP Rate: Long-Term Leases In Place and a Recent New Lease Execution (7-Yr. Deal with $65k of TI Spent by Tenant) Surrounded by Complimentary Retail Trade Area: Adrian Mall, Lowe?s, Marshall?s, Walmart Supercenter, Verizon, Starbuck?s, Meijer, Hobby Lobby & More Diverse Mix of National & Regional Tenants, Offering Recession Proof Retailers, As Well As Alternative Retail Users, Providing Long-Term Stability Ease of Management with Only 3 Tenants and Ideal NNN Leases (Including Management or Admin. Reimbursements) ProMedica Health System Just Built Brand-New Hospital in Adrian (2020), the $143 Million ProMedica Charles and Virginia Hickman Hospital
Executive Summary
? Significant Area Growth: ProMedica Health System Just Built Brand-New Hospital in Adrian (2020), the $143 Million ProMedica Charles and Virginia Hickman Hospital with Over 200,000 S.F. & Includes a New YMCA and ProMedica Wellness Center? High Traffic Corner Location (US-223/Treat Street) with 34,000 VPD Surrounding the Center: Multiple Points of Ingress and Egress Creating Ease of Access ? County Seat Positioned as Suburb to Ann Arbor (Approx. 30 Miles Northeast) and Toledo, Ohio (Approx. 30 Miles Southeast)? Surrounded by Large Employment Base: ProMedica Branches & Hospital, Adrian Public Schools/Lenawee Intermediate Schools, Lenawee County, Adrian Steel Company, Inergy and Many Others Drawing Residents to the Area
Property Details
- Sale Type Investment NNN
- Sale Condition 1031 Exchange
- Property Type Retail
- Property Subtype Restaurant Restaurant General Retail Fast Food Office Medical General Retail Department Store Restaurant
- Building Size 8,000
- Building Class B
- Year Built 2006
- Price 1,759,000
- Price Per SF 220
- Percent Leased 100
- Tenancy Multiple
- Building Height 1 Story
- Building FAR 0.05
- Land Acres 3.98 AC
Amenities
- Pylon Sign
| Date Created: | 2024-07-16 04:16:18 | Last Updated: | 2024-07-16 04:16:18 |
| Address: | 2070 E Us Highway 223 , Adrian, Michigan, 49221 | ||