Share This Listing

Message

913 characters remaining

Hmm, there seems to have been an error sending your message. Please try again.

Your email has been sent.

Still interested?

Contact the brokers for more information about this property

Value Add Multi-Tenant Retail | Adj to Aldi 1360-1374 W Main St 42,200 SF 85% Leased 4-Star Retail Building Gaylord, MI 49735 $2,600,000 ($61.61/SF) 6.14% Cap Rate

Save this listing!

Favorite this listing to get notified of price updates, new media and more

INVESTMENT HIGHLIGHTS

  • Strong Tenant Lineup & Synergy | Options To Extend | Value-Add Opportunity
  • Excellent Visibility & Access | Retail Thoroughfare (28,900 VPD) | Dense Retail Corridor | Adjacent To ALDI & Panera Bread

EXECUTIVE SUMMARY

SRS Multi-Tenant Investments is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in a multi-tenant retail building investment property located in Gaylord, Michigan. The offering features a strong tenant lineup including Five Guys, Wild Bills, Great Clips, and Tropical Smoothie Cafe. The concentration of retailers promotes strong tenant synergy and increases crossover retail exposure to the overall site. The center is 53% leased, providing a great value-add opportunity for a future owner to leaseup the vacancies and capitalizing on the potential income stream from raising existing tenants’ rent to market rate.

PROPERTY FACTS

Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront
Building Size
42,200 SF
Building Class
A
LoopNet Rating
4 Star
Year Built
2016
Price
$2,600,000
Price Per SF
$61.61
Cap Rate
6.14%
NOI
$159,613
Percent Leased
85%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.30
Lot Size
3.28 AC
Opportunity Zone
Yes
Zoning
C - Commercial
Parking
36 Spaces (0.85 Spaces per 1,000 SF Leased)

AMENITIES

  • Bus Line
  • Corner Lot
  • Dedicated Turn Lane
  • Freeway Visibility
  • Restaurant
  • Signage
  • Air Conditioning

SPACE AVAILABILITY

  • SPACE
  • SIZE
  • SPACE USE
  • POSITION
  • AVAILABLE
  • 1368
  • 4,429 SF
  • Retail
  • In-Line
  • Now

Location is strategically placed in the main retail corridor in Gaylord, Michigan. Surrounded by national tenants such as Walmart Supercenter, Meijer, Starbucks, Arby’s, Panera Bread, and Home Depot. The center is anchored by Aldi other co tenants include Five Guys, Great Clips, and Tropical Smoothie. The center has multiple points of access along W. Main Street and has nearby on/off ramps to Interstate 75. Two suites are available that could be combined for a single user as well.

  • 1376
  • 1,800 SF
  • Retail
  • In-Line
  • Now

Great location

Space Size Space Use Position Available
1368 4,429 SF Retail In-Line Now
1376 1,800 SF Retail In-Line Now

1368

Size
4,429 SF
Space Use
Retail
Position
In-Line
Available
Now

1376

Size
1,800 SF
Space Use
Retail
Position
In-Line
Available
Now

1368

Size 4,429 SF
Space Use Retail
Position In-Line
Available Now

Location is strategically placed in the main retail corridor in Gaylord, Michigan. Surrounded by national tenants such as Walmart Supercenter, Meijer, Starbucks, Arby’s, Panera Bread, and Home Depot. The center is anchored by Aldi other co tenants include Five Guys, Great Clips, and Tropical Smoothie. The center has multiple points of access along W. Main Street and has nearby on/off ramps to Interstate 75. Two suites are available that could be combined for a single user as well.

1376

Size 1,800 SF
Space Use Retail
Position In-Line
Available Now

Great location

NEARBY MAJOR RETAILERS

Applebee's
Five Guys
Big Boy
Tim Hortons
Starbucks
Powerhouse Gym
Bob Evans Restaurants
Rent-A-Center
Family Fare Supermarket
Horizon Bank

PROPERTY TAXES

PROPERTY TAXES

Parcel Numbers
Multiple
  • 101-032-000-025-05
  • 101-032-000-025-06
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$1,441,400
  • Listing ID: 33362967

  • Date on Market: 10/1/2024

  • Last Updated:

  • Address: 1360-1374 W Main St, Gaylord, MI 49735

Link copied
Your LoopNet account has been created!

Please Share Your Feedback

We welcome any feedback on how we can improve LoopNet to better serve your needs.
X
{{ getErrorText(feedbackForm.starRating, "rating") }}
255 character limit ({{ remainingChars() }} charactercharacters remainingover)
{{ getErrorText(feedbackForm.msg, "rating") }}
{{ getErrorText(feedbackForm.fname, "first name") }}
{{ getErrorText(feedbackForm.lname, "last name") }}
{{ getErrorText(feedbackForm.phone, "phone number") }}
{{ getErrorText(feedbackForm.phonex, "phone extension") }}
{{ getErrorText(feedbackForm.email, "email address") }}