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301 N Us Highway 131
Three Rivers, MI 49093
Retail Property For Sale
Executive Summary
This property is a 44,800-square-foot, two-tenant retail center located along the primary commercial corridor of US-131 with strong visibility and access. The center is anchored by Tractor Supply, which recently extended its lease through July 2038 and received a $200,000 tenant improvement allowance as part of the extension, demonstrating a long-term commitment to the location. The asset offers stable occupancy and long-term tenancy within a well-positioned retail location serving the surrounding trade area.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Freestanding
Building Size
44,800 SF
Building Class
B
Year Built
1981
Price
$3,220,000
Price Per SF
$71.88
Cap Rate
6.50%
NOI
$209,291
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Loading Docks
1 Exterior
Building FAR
0.14
Lot Size
7.30 AC
Opportunity Zone
Yes
Zoning
B-2
Parking
140 Spaces (3.13 Spaces per 1,000 SF Leased)
Frontage
329’ on US 131 Hwy
Amenities
- Freeway Visibility
- Pylon Sign
- Signage
- Air Conditioning
Property Taxes
| Parcel Numbers | Improvements Assessment | $1,091,000 | |
| Land Assessment | $797,500 | Total Assessment | $1,888,500 |
Property Taxes
Parcel Numbers
Land Assessment
$797,500
Improvements Assessment
$1,091,000
Total Assessment
$1,888,500
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