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Riverwood Crossing 1629-1697 E M 21 50,508 SF 100% Leased Retail Building Owosso, MI 48867 $6,019,256 ($119.17/SF) 7.56% Cap Rate

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INVESTMENT HIGHLIGHTS

  • Heavy traffic
  • M21

EXECUTIVE SUMMARY

Located next to a busy Super Walmart, Great National Long-Term Tenants. Dollar Tree just renewed for another 10 Years.
Great 1031 exchange property, Value Add.

ATTACHMENTS

Tenant's Layout 02.13.2025

DATA ROOM Click Here to Access

PROPERTY FACTS

Sale Type
Investment
Sale Condition
1031 Exchange
Property Type
Retail
Property Subtype
Freestanding
Building Size
50,508 SF
Building Class
C
Year Built
1994
Price
$6,019,256
Price Per SF
$119.17
Cap Rate
7.56%
NOI
$455,257
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.14
Lot Size
8.20 AC
Zoning
B-2 - Commercial
Parking
166 Spaces (3.29 Spaces per 1,000 SF Leased)
Frontage
457’ on M-21 E. Main Street

AMENITIES

  • 24 Hour Access
  • Energy Star Labeled
  • Monument Signage
  • Air Conditioning

MAJOR TENANTS Click Here to Access

  • TENANT
  • INDUSTRY
  • SF OCCUPIED
  • RENT/SF
  • LEASE TYPE
  • LEASE END
  • ATI Physical Therapy
  • -
  • 99,999 SF
  • -
  • -
  • Jan 0000
  • Finance and Insurance
  • 99,999 SF
  • -
  • Lorem Ipsum
  • -

Check ‘n Go is a consumer financial services company specializing in short-term lending solutions, including payday loans, installment loans, and check-cashing services. Founded in 1994 in Covington, Kentucky, the company expanded rapidly and now operates hundreds of retail locations across multiple states, as well as an online platform. Check ‘n Go is part of CNG Holdings, a privately held financial services group headquartered in Cincinnati, Ohio. The company focuses on providing accessible credit options for individuals who may not qualify for traditional banking products.

  • Dollar Tree
  • -
  • 99,999 SF
  • -
  • -
  • -
  • Harbor Freight Tools
  • -
  • 99,999 SF
  • -
  • -
  • Jan 0000
  • Jet's Pizza
  • -
  • 99,999 SF
  • -
  • -
  • -
TENANT INDUSTRY SF OCCUPIED RENT/SF LEASE TYPE LEASE END
ATI Physical Therapy - 99,999 SF - - Jan 0000
Finance and Insurance 99,999 SF - Lorem Ipsum -
Dollar Tree - 99,999 SF - - -
Harbor Freight Tools - 99,999 SF - - Jan 0000
Jet's Pizza - 99,999 SF - - -

SPACE AVAILABILITY

  • SPACE
  • SIZE
  • SPACE USE
  • POSITION
  • AVAILABLE
  • 1687
  • 1,050 SF
  • Office/Retail
  • -
  • 30 Days
Space Size Space Use Position Available
1687 1,050 SF Office/Retail - 30 Days

1687

Size
1,050 SF
Space Use
Office/Retail
Position
-
Available
30 Days

NEARBY MAJOR RETAILERS

Biggby Coffee
Kroger
Huntington National Bank
McAlister's Deli
Big Boy
Rent-A-Center
Premier Rental Purchase
Planet Fitness
Bob Evans Restaurants
Fifth Third Bank

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
007-17-300-007-04
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$615,500
  • Listing ID: 24908026

  • Date on Market: 9/5/2018

  • Last Updated:

  • Address: 1629-1697 E M 21, Owosso, MI 48867

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