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For Sale or Lease

Beecher Plaza

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

Available Spaces

  • Suite 1361
  • 15,550 SF
  • Available Immediately

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For Sale or Lease

Beecher Plaza

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

- Property Information

eCODE 845
County: Genesee
Property Type: Retail
Total Building SF: ± 26,000 SF
Available Building SF: ± 15,550 SF
Occupancy Rate: 40%
Sale Price: $1,000,000
Sale Price Per SF: $38.46

- 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
1361 15,550 SF - Immediate