- Matthew Wisniewski, CCIM Investment Advisor East Lansing MI
Net Leased Retail Center For Sale
This net lease retail center is located in the City of Williamston and includes a mix of both national and local retail tenants.
The building was construction in 1997 and has great curb appeal. The center is ideally located on Grand River Ave, which provides the main link to Okemos and the Lansing area to the West. Inside the City limits, the property is benefited by a lower speed limit in the area giving motorists the opportunity to safely enter and exit as well as getting a good idea of the tenants in the plaza. A large street sign provides extra exposure to the passing traffic.
Long term lease are in place and good upside exists in filling vacancy, which is current in progress. Tenant mix is well varied, providing consistent traffic flow that benefit all tenants. The area is well above average median income, providing an exception customer base for the tenants.
An additional expansion parcel is also available adding an additional 1.51 acres. Perfect for a STNL building or additional retail suites.
A full offering memorandum is available. Please inquire for NDA and access.
- Address : 725 West Grand River Avenue,Williamston,MI 48895,Ingham
- Zipcode : 48895
- Tax ID : 33-18-03-35-379-028
- Availability date : 2019-03-06
- Property subtypes : Strip Center
- Zoning : C-3 COMMERCIAL
- Building name : Williamston Retail Center
- Building status : Existing
- Lease types : NNN
- Listing status : ACTIVE
- Visibility : Excellent
- Roof type : Flat
- Year built : 1997
- Total building : 1
- Lease contract types : RELET
- Use types : Net Leased Investment (NNN),Investment
- Clientele : General,Family
- Air conditioning types : Package Unit
- Construction siding types : Block
- Taxing authoity : Ingham County / City of Williamston
- Parking type : Surface
- Heat sources : Central
- Heat types : Natural Gas
- Building quality : EXCELLENT
- Land size(max) : 1.48
- Land size(unit) : ACRE
- Traffic count frontageAmount : $ 215Unit : FOOT
- Building size gross13440Unit : SQUARE_FOOT
- Building size rentable13440Unit : SQUARE_FOOT
- Lease termAmount : 60Unit : MONTH
- Suite details :
- Number : 1A
- Floor : 1st
- Description : 110' deep 24' wide with 2 bathrooms in the rear of the space.
- Size available : 3081 Sq Ft