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Investment Highlights
- Dedication to the site: Bealls recently exercised a new 10-year lease
- 10% rental escalation in February 2030
- Full renovation in 2024: new storefront, HVAC, electrical, plumbing, Tenant finishes, parking lot
- Prime Location: Located next door to a Walmart Supercenter along the main thoroughfare of the city seeing over 15,000 vehicles per day
- 20,590 SF multi-purpose space
- NN+ lease: minimal Landlord responsibilities
Data Room Click Here to Access
- Purchase Agreement
Property Facts
Sale Type
Investment
Sale Condition
Auction Sale
Type of Ownership
Fee Simple
Property Type
Retail
Building Class
C
Year Built/Renovated
1985/2024
Tenancy
Single
Building Height
1 Story
Lot Size
1.98 AC
Parcel Number
0000-32-12N-17E-3-007-00
Parking
104 Spaces (5.05 Spaces per 1,000 SF Leased)
Frontage
359’ on West Gentry Avenue
Amenities
- Security System
- Signalized Intersection
- Air Conditioning
Fairly walkable
40/100
Exceptionally drivable
100/100
Somewhat bikeable
30/100
Demographics
Demographics
1 mile
3 mile
5 mile
2025 Population
2,536
3,547
5,389
2020 Population
2,709
3,686
5,345
2030 Population
2,545
3,582
5,499
2025-2030 Projected Population Growth
0.3%
1.0%
2.0%
Daytime Employees
1,916
2,332
2,460
Total Businesses
260
324
350
Average Household Income
$50,938
$52,360
$55,856
Median Household Income
$37,297
$37,738
$39,843
Total Consumer Spending
$24.1M
$34.7M
$56.5M
Median Age
40.0
42.0
45.6
2025 Households
1,021
1,437
2,252
Percent College Degree or Above
8%
7%
6%
Average Home Value
$136,698
$146,653
$166,264
Nearby Major Retailers
Sale Advisor
Addison Williams, Managing Director
Professional Expertise
Addison Williams is a Managing Director of Capital Markets in Savills Detroit office. He has extensive experience as an investment sales broker who specializes in the marketing, disposition, and acquisition of income-producing real estate throughout the United States. He represents a wide range of private and institutional clients, providing advisory and execution across office, industrial, retail, and alternative asset classes.
Addison brings a comprehensive understanding of capital markets and a client-first approach to every engagement. He advises owners, operators, and investors on investment and growth strategies that include sale leasebacks, portfolio optimization, equity placement, recapitalizations, and expansion planning. Addison delivers creative solutions that help his clients realize the full potential of their real estate holdings.
Before joining Savills in 2025, Addison spent eight years with CBRE, where he was a member of the firm’s Net Lease Property Group. In 2023, he was honored with CBRE’s Rising Star Award in recognition of exceptional performance and dedication to client success.
Addison Williams is a Managing Director of Capital Markets in Savills Detroit office. He has extensive experience as an investment sales broker who specializes in the marketing, disposition, and acquisition of income-producing real estate throughout the United States. He represents a wide range of private and institutional clients, providing advisory and execution across office, industrial, retail, and alternative asset classes.
Addison brings a comprehensive understanding of capital markets and a client-first approach to every engagement. He advises owners, operators, and investors on investment and growth strategies that include sale leasebacks, portfolio optimization, equity placement, recapitalizations, and expansion planning. Addison delivers creative solutions that help his clients realize the full potential of their real estate holdings.
Before joining Savills in 2025, Addison spent eight years with CBRE, where he was a member of the firm’s Net Lease Property Group. In 2023, he was honored with CBRE’s Rising Star Award in recognition of exceptional performance and dedication to client success.
About the Auction Technology
Auctions by Ten-X are the #1 transaction technology powering commercial real estate transactions online. With over $34B in total transactions, these auctions use best-in-class technology and real-time asset intelligence to put listings in the best position to find the perfect buyer. The expedited auction timeline, comprehensive due diligence, and buyer qualification make transactions twice as fast and twice as certain for brokers, owners, and investors.
Read More
Auction Contact
Jameson Kuykendall
Contact
Auctioneer License:
Ten-X Arlene Richardson RE Brkr 149227
1 of 7
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
3% Transaction Fee
Based on Winning Bid Amount
Minimum Transaction Fee
$20,000
Maximum Transaction Fee
$300,000
Example Calculation
Winning Bid Amount
$5,000,000
Transaction Fee
$150,000 (3%)
Total Purchase Price
$5,150,000
Contact the Sale Advisor
1000 W Gentry Ave
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1000 W Gentry Ave
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