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2070 E Us Highway 223
Adrian, MI 49221
100% Occ. NNN Center Anchored by Medical · Retail Property For Sale
Investment Highlights
- 100% Occupied NNN Center, Shadow Anchored by Corp. Owned, Kohl’s (Includes ~0.3 Acres of Buildable Land)
- Diverse Mix of Tenants Offering Recession Proof Retailers As Well As Alternative Retail Users, Providing Long-Term Stability
- NNN Leases Structures that Include Either Management or Admin. Fee Reimbursements
- Anchor, ProMedica Home Medical Equipment, Subsidiary of ProMedica Health System: Just Built Brand-New Hospital in Adrian (2020)
- Long-Term Leases In Place Through 2028 and a Recent 5-Yr. Renewal, Proving Commitment and Desire to Be Located at the Property
- High Traffic Corner Location (US-223/Treat Street) with 34k VPD Surrounding the Center: Multiple Points of Ingress and Egress Creating Ease of Accesse
Property Facts
Property Type
Retail
Property Subtype
Building Size
8,000 SF
Building Class
B
Year Built
2006
Percent Leased
76%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.05
Lot Size
3.98 AC
Zoning
C-2 - Commercial use
Parking
50 Spaces (6.25 Spaces per 1,000 SF Leased)
Frontage
Amenities
- Pylon Sign
Property Taxes
| Parcel Number | MD0-112-3725-00 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $425,100 |
Property Taxes
Parcel Number
MD0-112-3725-00
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$425,100
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