14500 Racho Rd - Department Store FOR SALE


Taylor, MI 48180
$16,300,000 USD
570-762-6075
14500 Racho Rd, Taylor, MI for Sale
$16,300,000 USD
Department Store - FOR SALE
1/9
null | 8.87% Cap Rate

14500 Racho Rd
Taylor, MI 48180


HIGHLIGHTS

  • 100% Leased | Top-Performing Anchor Tenants | Strong Sales
  • Attractive Assumable Financing
  • Heart of Taylor’s Commercial District | Prime Location |Across From Southland Center Mall (905,000+ SF) |Quick Access to I-75 (95,100 VPD)

OVERVIEW

• The offering features a fully leased, four-tenant retail center anchored by Kohl’s, which contributes approximately 55% of the property’s gross revenue. • Kohl’s has operated at this location for over 30 years and recently exercised an option to extend its lease through 2034, with three additional five-year extension options remaining, demonstrating the tenant’s long-term commitment to the site. • The subject Kohl’s is recognized as one of the top-performing stores in the region, with exceptional sales performance. • Bob’s Discount Furniture, serving as a junior anchor, has also demonstrated strong operating results and consistent customer traffic.

FOR SALE DETAILS

PRICE

$16,300,000 USD

PRICE/SF

$175 USD /SF

CAP RATE

8.87%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

100% Occupied Kohl's Anchored Center

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Department Store

ADD'L SUBTYPES

Freestanding, Storefront

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1990

SPRINKLERS

-

PARKING SPACES

513

LAND DETAILS

LAND ACRES

13 AC

LAND SF

566,280 SF

ZONING

B-2

APN/PARCEL ID

60-072-99-0001-708

ASK ABOUT THIS PROPERTY

Jack CornellSRS Real Estate PartnersMore Info
570-762-6075

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.

Jack CornellSRS Real Estate PartnersMore Info
570-762-6075

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.