Greenville Shopping Center
$8,000,000
205 South Greenville West Drive, Greenville, MI 48838
For Sale
Retail
Strip Center
Active
Last Updated: 03/13/2026
6.55
Cap Rate
523,323
NOI
Details:
Cap Rate: 6.55%
NOI: $523,323
Building Size: 95,054 sqft
Lot Area: 12.07 acres
Occupancy: 100%
Year Built: 1995
Tenancy: Multiple
Year Last Renovated: 2020
Highlights:
- Investment Grade Tenant Lineup
- Below Market Rental Structure | Attractive Occupancy Costs
- All Tenants Have Contractual Rent Increases Scheduled Within The Next 4–5 Years, Providing Embedded NOI Growth
- 2020 Construction | Minimal Near-Term Capex
- Dominant Position Within Greenville Retail Corridor
Description:
Landmark Investment Sales is pleased to offer this institutional-quality retail center featuring a lineup of best-in-class, nationally sought-after retailers, including Hobby Lobby, Marshalls (NYSE: TJX), Five Below (NASDAQ: FIVE), and Shoe Show, all operating under long-term leases. The property benefits from below-market rents with scheduled increases over the next 4–5 years, creating meaningful embedded NOI growth. Developed in 2020 with no near-term CapEx required, the asset is strategically positioned within Greenville’s dominant retail corridor, surrounded by top national anchors and supported by $89,115 Average Household Income within a 5-mile radius.
Documents:
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106i_Greenville_Shopping_Center-Greenville__MI-OM.pdf
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Location
Gallery
