4672 State St
Saginaw, MI 48603
Kroger - Early 10-Yr Extension - 14 Yrs Left · Retail Property For Sale

- The Kroger Co. - The Company operates 2,782 grocery retail stores under a variety of banner names, of which 2,268 had pharmacies and 1,489 had fuel centers. Corporately, Kroger's total sales were $121.2 billion in 2018. - Recently Remodeled And Expanded - In 2016, Kroger underwent a $9.5 million expansion and remodel, demonstrating their strength and commitment to this location. They expanded from 72,000 square feet to 106,340 square feet. - Grocery Pickup - In connection with the store remodel and expansion in 2016, this Kroger started offering Pickup, their online ordering service that allows customers to shop online for products and pick them up at the store from the convenience of their car. - Limited Grocery Competition - Situated on State Street (30,000 VPD) in Saginaw Township, Michigan, Kroger is the only traditional grocery store within a 3-mile radius. - Strong Demographics - The Property, surrounded by dense residential neighborhoods, services an outstanding demographic profile. There are approximately 104,000 residents earning average household incomes of almost $60,700 within a 5-mile radius. - Unencumbered Asset - Offered free-and-clear of any existing financing, a new investor can take advantage of historically low interest rates and ample availability in the capital markets to significantly enhance returns through aggressive capitalization structures.