3825 Marketplace Cir
Traverse City, MI 49684
AMC Cherry Blossom 14 · Retail Property For Sale

17 YEARS REMAINING ON LEASE | CORPORATE GUARANTEED LEASE | RENT BUMPS • AMC Entertainment Holdings, Inc. corporate guaranteed lease • Approximately 17 years remaining on the initial term with 4 (5-year) options • 5% rental increases every 5 years throughout the initial term a nd options ABS. NNN LEASE | FEE SIMPLE OWNERSHIP | ZERO LANDLORD RESPONSIBILITIES • Tenant pays for CAM, taxes, insurance, and maintains all aspects of the property • No landlord responsibilities • Ideal, no-management investment for an out-of-state, passive investor LOCATED ALONG MAIN COMMERCIAL CORRIDOR | PART OF NEW DEVELOPMENT • Recently constructed in 2016 as part of a redevelopment known as Buffalo Ridge, which is replacing an old shopping center and will now feature a Hobby Lobby, Lucky’s Market, and Outback Steakhouse • Located just off State Highway 37/31 (27,300 VPD), the primary retail thoroughfare • Convenient location with excellent visibility due to a highway pylon sign NEARBY NATIONAL TENANTS | GRAND TRAVERSE MALL (530,000 SF OF RETAIL) • Nearby national tenants include Lowe’s Home Improvement, Kohl’s, Meijer, Hobby Lobby, Michaels, Bed Bath & Beyond, Lucky’s Market, Gander Outdoors, and more • Less than 1 mile north of Grand Traverse Mall (530,000 SF of retail space) anchored by Target, T.J. Maxx, Macy’s, Dunham’s Sports, and JCPenney • Increases consumer draw to the trade area and promotes crossover shopping DENSE POPULATION IN 5-MILE TRADE AREA • More than 46,600 residents and nearly 54,000 employees support the trade area • $70,000 average household income