Crossroads Shopping Center
$11,832,125
1366 South Main Street, Adrian, MI 49221
For Sale
Retail
Strip Center
Active
Last Updated: 07/17/2024
8
Cap Rate
946,570
NOI
Details:
Cap Rate: 8%
NOI: $946,570
Building Size: 202,228 sqft
Lot Area: 27.21 acres
Occupancy: 74.35%
Year Built: 1980-1993
Zoning: Commercial
Tenancy: Multiple
Highlights:
- Strong Tenant Interest
- Upside Potential
- Opportunity to Reduce the Project Basis
- National Tenants, Low Rent PSF
- Priced Below Replacement Costs
- Dominant Center in the Market
Documents:
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045i_Crossroads_Shopping_Center-Adrian__MI-OM.pdf
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