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2070 E Us Highway 223
Adrian, MI 49221
REDUCED 3-Tenant, NNN Service-Oriented Center · Retail Property For Sale
Investment Highlights
- 100% Occupied, NNN Service-Oriented Center, Shadow Anchored by Corporately Owned, Kohl’s
- Attractive 8% CAP Rate: Long-Term Leases In Place and a Recent New Lease Execution (7-Yr. Deal with $65k of TI Spent by Tenant)
- Surrounded by Complimentary Retail Trade Area: Adrian Mall, Lowe’s, Marshall’s, Walmart Supercenter, Starbuck’s, Meijer, Hobby Lobby, & Chipotle
- Diverse Mix of National & Regional Tenants, Offering Recession Proof Retailers, As Well As Alternative Retail Users, Providing Long-Term Stability
- Ease of Management with Only 3 Tenants and Ideal NNN Leases (Including Management or Admin. Reimbursements)
- County Seat Positioned as Suburb to Ann Arbor (Approx. 30 Miles Northeast) and Toledo, Ohio (Approx. 30 Miles Southeast)
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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