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Albion Plaza 2 Properties Offered at $3,172,140 CAD in Albion, MI
Investment Highlights
- Long term national tenants
- Two vacant land parcels directly adjacent ideal for expansion
- Newer Taco Bell, O'Reilly Auto Parts, and Dairy Queen bringing customers for cross shopping
- Value add by filling vacancy
- Nearby retail synergy and well positioned between expressway and Downtown Albion
- Large pylon signage for occupants to showcase their brands
Executive Summary
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.
Property Facts
| Price | $3,172,140 CAD | Number of Properties | 3 |
| Price / SF | $41.65 CAD / SF | Individually For Sale | 0 |
| Cap Rate | 8% | Total Building Size | 76,157 SF |
| Sale Type | Investment | Total Land Area | 11.09 AC |
| Status | Active |
| Price | $3,172,140 CAD |
| Price / SF | $41.65 CAD / SF |
| Cap Rate | 8% |
| Sale Type | Investment |
| Status | Active |
| Number of Properties | 3 |
| Individually For Sale | 0 |
| Total Building Size | 76,157 SF |
| Total Land Area | 11.09 AC |
Properties
| Property Name / Address | Property Type | Size | Year Built | Individual Price |
|---|---|---|---|---|
| 1506 N Eaton St, Albion, MI 49224 | Land | 0.76 AC | - | - |
|
Albion Plaza
1450 N Eaton St, Albion, MI 49224 |
Retail | 76,157 SF | 1940 | - |
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