Commercial Real Estate Services

www.friedmanrealestate.com 248.324.2000

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    For Sale

    Beecher Plaza

    1357-1377 W Coldwater Road
    Mt. Morris, Michigan 48505

    Available Spaces

    For Sale

    Beecher Plaza

    1357-1377 W Coldwater Road
    Mt. Morris, Michigan 48505

    - Property Information

    eCODE 845
    County: Genesee
    Property Type: NNN Investment, Retail
    Total Building SF: ± 26,000 SF
    Available Building SF: ± 15,500 SF
    Occupancy Rate: 40%
    Sale Price: $1,000,000
    Sale Price Per SF: $38.46
    Auction Property: Yes

    - Property Details

    Occupancy Type: Multi Tenant
    Year Built: 1962
    Year Renovated: 2004
    # Acres: 1.73
    Zoning: C-1
    Parcel ID: 14-24-502-017
    Parking Type: Surface
    # Spaces: 245
    Parking Ratio: 9.42/1,000 SF

    - Additional Information

    • 26,000 SF retail center anchored by Family Dollar with tremendous value-add opportunity
    • 15,500 SF available for immediate use (former grocery store)
    • NNN Family Dollar lease expiration: 01/31/2021
    • Six 5 year options with rent escalations and percentage rent
    • Lease is guaranteed by Family Dollar Stores Inc.—$10.55 billion in sales in 2015
    • Located in a dense residential area with minimal competing retail properties
    • Nearest full-service grocer is located over two miles from the property
    • Very strong demographics and traffic counts in the immediate trade area
    • Asking price: $1,000,000 ($38.50/SF)

     

    - For more information, contact:

    Steven Silverman

    248.324.2000 Request a call
    Suite Number Size Rental Rate Availability