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Staples 6128 Beckley Rd 20,000 SF Retail Building Battle Creek, MI 49014 $2,075,000 ($103.75/SF) 6.75% Cap Rate
INVESTMENT HIGHLIGHTS
- ~1 Year Remaining | No Renewal Options | Value-Add Opportunity | RC Zoning | 2024 Parking Lot Replacement
- Proximity To I-94 (47,400 VPD) & M-66/I-194 (20,600 VPD)
- Prime Retail Corridor | Outparcel To Walmart-Anchored Center
- Residential Base | Strong Demographics In 5-Mile Trade Area
EXECUTIVE SUMMARY
• Approximately one year of lease term remaining, providing near-term income
• With no remaining renewal options, the property presents a compelling value-add opportunity upon lease expiration in 2026 through redevelopment or re-tenanting
• Zoned Regional Commercial District (RC), allowing for a wide range of commercial uses
• Parking lot was fully replaced in 2024, reducing the need for capital expenditures associated with future development
• Priced at $103 PSF with in-place rent at $7 PSF
• With no remaining renewal options, the property presents a compelling value-add opportunity upon lease expiration in 2026 through redevelopment or re-tenanting
• Zoned Regional Commercial District (RC), allowing for a wide range of commercial uses
• Parking lot was fully replaced in 2024, reducing the need for capital expenditures associated with future development
• Priced at $103 PSF with in-place rent at $7 PSF
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Building Size
20,000 SF
Year Built
1995
Price
$2,075,000
Price Per SF
$103.75
Cap Rate
6.75%
NOI
$140,000
Tenancy
Single
Building Height
1 Story
Building FAR
0.14
Lot Size
3.33 AC
Zoning
RC - Regional Commercial District
Parking
92 Spaces (4.6 Spaces per 1,000 SF Leased)
AMENITIES
- Signage
NEARBY MAJOR RETAILERS
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Staples | 6128 Beckley Rd
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