1384 W Main St - Freestanding FOR SALE


Gaylord, MI 49735
$2,600,000 USD
480-221-4221
1384 W Main St, Gaylord, MI for Sale
$2,600,000 USD
Freestanding - FOR SALE
1/9
null | 6.14% Cap Rate

1384 W Main St
Gaylord, MI 49735


HIGHLIGHTS

  • Strong Tenant Lineup & Synergy | Options To Extend | Value-Add Opportunity
  • Excellent Visibility & Access | Retail Thoroughfare (28,900 VPD) | Dense Retail Corridor | Adjacent To ALDI & Panera Bread

OVERVIEW

SRS Multi-Tenant Investments is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in a multi-tenant retail building investment property located in Gaylord, Michigan. The offering features a strong tenant lineup including Five Guys, Wild Bills, Great Clips, and Tropical Smoothie Cafe. The concentration of retailers promotes strong tenant synergy and increases crossover retail exposure to the overall site. The center is 53% leased, providing a great value-add opportunity for a future owner to leaseup the vacancies and capitalizing on the potential income stream from raising existing tenants’ rent to market rate.

FOR SALE DETAILS

PRICE

$2,600,000 USD

PRICE/SF

$197 USD /SF

CAP RATE

6.14%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Value Add Multi-Tenant Retail | Adj to Aldi

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

ADD'L SUBTYPES

Restaurant

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2016

SPRINKLERS

-

PARKING SPACES

36

LAND DETAILS

LAND ACRES

1.48 AC

LAND SF

64,469 SF

ZONING

C-2

APN/PARCEL ID

101-032-000-025-06

ASK ABOUT THIS PROPERTY

Patrick LutherSRS National Net LeaseMore Info
480-221-4221

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Patrick LutherSRS National Net LeaseMore Info
480-221-4221

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.