1385 S Main St - Freestanding FOR SALE
Adrian, MI 49221 |
1385 S Main St
Adrian, MI 49221
HIGHLIGHTS
- Ideally located at the Intersection of South Main Street & US-223 | More Than 33,650 Vehicles Per Day (VPD)
- Strong Retail Corridor | More Than 1 Million SF of Retail Development Within One Mile of Subject Asset
- Asset Located in an Opportunity Zone
- Roof replaced in 2013
- Directly Adjacent to Meijer Anchored Shopping Center & Shared Parking Lot With McDonald’s, Chipotle, and Buffalo Wild Wings
- Capital Commitment to the Area
OVERVIEW
- Hobby Lobby Retail Condo in Adrian, MI | The County Seat Of Lenawee County
- Corporate Guaranty From Hobby Lobby Stores, Inc | 850+ Location
- Commitment to location, tenant recently signed a new 10-year lease extension
- Additional Tenants in the Immediate Vicinity Include: Meijer, Walmart Supercenter, Aldi, Starbucks, Marshalls, Lowe’s, Big Lots, Kohl’s, Staples, Tractor Supply, Planet Fitness, Chipotle, McDonald’s, Buffalo Wild Wings, and Many More
FOR SALE DETAILS
PRICE
-
CAP RATE
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% LEASED
-
TENANCY
-
BUILDING DETAILS
PROPERTY TYPE
Retail
PROPERTY SUBTYPE
Freestanding
TOTAL BUILDING SIZE
80749
STORIES
1
YEAR BUILT
1970
SPRINKLERS
-
PARKING SPACES
515
LAND DETAILS
LAND ACRES
-
LAND SF
-
ZONING
-
APN/PARCEL ID
XA0-100-0357-15,XA0-100-0357-16
