Albion Plaza FOR SALE


Albion, MI
$2,250,000 USD
248-867-3304
, Albion, MI for Sale
$2,250,000 USD
FOR SALE
1/14
null | 8% Cap Rate

Albion Plaza
Albion, MI


HIGHLIGHTS

  • Long term national tenants
  • Value add by filling vacancy
  • Two vacant land parcels directly adjacent ideal for expansion
  • Nearby retail synergy and well positioned between expressway and Downtown Albion
  • Newer Taco Bell, O'Reilly Auto Parts, and Dairy Queen bringing customers for cross shopping
  • Large pylon signage for occupants to showcase their brands

OVERVIEW

Shopping Plaza leased by Tractor Supply Company, Dollar General, Rent-A-Center, and Label Shopper with a 24,925sf vacancy and two vacant parcels of land directly adjacent for future development opportunities. Taco Bell, O'Reilly Auto Parts and Dairy Queen are on separate parcels, and not included in this sale, but are strong traffic generators to the plaza. Albion Plaza is well positioned directly off of I-94 interstate and the City of Albion with most residents, business employees, and visitors driving in front of the site each day. This is a value-add opportunity for an investor looking for stable income with tenants on long leases, and the ability to add value by leasing the available space or developing on the vacant land parcels adjacent to the site.

ASK ABOUT THIS PROPERTY

Rob KrochmalThe Surnow CompanyMore Info
248-867-3304

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Rob KrochmalThe Surnow CompanyMore Info
248-867-3304

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