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Howell Promenade 1101-1249 E Grand River Ave 77,932 SF 100% Leased Retail Building Howell, MI 48843 $9,446,176 ($121.21/SF) 8% Cap Rate
Investment Highlights
- NATIONAL TENANT ANCHORED SHOPPING CENTER
- RECENT CAPITAL IMPROVEMENTS
- MOTORSPORTS GATEWAY
- STABLE INCOME STREAM
- VALUE ADD OPPORTUNITY
Executive Summary
Mid-America Real Estate-Michigan, Inc. has been retained on behalf of the owner to sell the 100% fee simple interest in Howell Promenade shopping center, which is being offered free and clear. This offering presents investors with the opportunity to acquire a Dollar Tree and Planet Fitness anchored shopping center in the affluent suburb of Howell, Michigan
Data Room Click Here to Access
- Offering Memorandum
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Freestanding
Building Size
77,932 SF
Building Class
C
Year Built/Renovated
1971/1993
Price
$9,446,176
Price Per SF
$121.21
Cap Rate
8%
NOI
$755,694
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Loading Docks
2 Exterior
Building FAR
0.17
Lot Size
10.60 AC
Zoning
B-2 - B-2, General Business
Parking
284 Spaces (3.64 Spaces per 1,000 SF Leased)
Frontage
Amenities
- Signage
Nearby Major Retailers
Property Taxes
| Parcel Number | 17-36-403-013 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $4,090,200 |
Property Taxes
Parcel Number
17-36-403-013
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$4,090,200
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Howell Promenade | 1101-1249 E Grand River Ave
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