7894-7898 Oakland Dr - Storefront FOR SALE
Portage, MI 49024 |
7894-7898 Oakland Dr
Portage, MI 49024
HIGHLIGHTS
- 100% Occupied Neighborhood Center | WALT: 4.42 Years
- Diversified Tenant Mix | Majority of Leases Contain 2-3% Annual Rent Increases
- Desirable Suite Sizes | Easy to Backfill | Investment Security & Low Risk of High Vacancy | Landlord Recently Replaced All Rooftop HVAC Units
- Below-Market Rents, Providing Future Upside Potential | Market Rents in the Surrounding Area Range from $25-$30/SF NNN
- Well-Positioned off W Centre Avenue (26,490 VPD) | Direct Connection to US-131 (64,907 VPD) | Near I-94 (83,907 VPD)
- Surrounded by Residential Neighborhoods | Convenient Access for Local Residents | Portage is Home to the Largest Retail Center in Southwest Michigan
FOR SALE DETAILS
PRICE
-
CAP RATE
-
% LEASED
-
TENANCY
-
BUILDING DETAILS
PROPERTY NAME
Centre Square
PROPERTY TYPE
Retail
PROPERTY SUBTYPE
Storefront
TOTAL BUILDING SIZE
18745
STORIES
1
YEAR BUILT
2005
SPRINKLERS
-
PARKING SPACES
80
LAND DETAILS
LAND ACRES
-
LAND SF
-
ZONING
-
APN/PARCEL ID
10-00017-150-O
