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205 S Greenville Rd
Greenville, MI 48838
Greenville Shopping Center · Retail Property For Sale
Investment Highlights
- Investment Grade Tenant Lineup
- 2020 Construction | Minimal Near-Term Capex
- Below Market Rental Structure | Attractive Occupancy Costs
Executive Summary
Landmark Investment Sales is pleased to offer this institutional-quality retail center featuring a lineup of best-in-class, nationally sought-after retailers, including Hobby Lobby, Marshalls (NYSE: TJX), Five Below (NASDAQ: FIVE), and Shoe Show, all operating under long-term leases. The property benefits from below-market rents with scheduled increases over the next 4–5 years, creating meaningful embedded NOI growth. Developed in 2020 with no near-term CapEx required, the asset is strategically positioned within Greenville’s dominant retail corridor, surrounded by top national anchors and supported by $89,115 Average Household Income within a 5-mile radius.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Freestanding
Building Size
95,054 SF
Building Class
B
Year Built/Renovated
1995/2020
Price
$8,000,000
Price Per SF
$84.16
Cap Rate
6.54%
NOI
$523,323
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.18
Lot Size
12.07 AC
Opportunity Zone
Yes
Zoning
Commercial
Parking
200 Spaces (2.1 Spaces per 1,000 SF Leased)
Frontage
Amenities
- Pylon Sign
- Signage
Property Taxes
| Parcel Number | 052-487-013-00 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $3,252,400 |
Property Taxes
Parcel Number
052-487-013-00
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$3,252,400
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