Log In/Sign Up
Your email has been sent.
Biggby Coffee 275 S State St 4,246 SF 100% Leased Retail Building Sparta, MI 49345 $1,911,882 CAD ($450.28 CAD/SF) 8% Cap Rate
Executive Summary
This property is a high-yield, multi-tenant retail investment located in a prime commercial pocket of Sparta, Michigan. Positioned on the busy South State Street corridor, it benefits from strong visibility and a diverse, recession-resistant tenant mix. This multi-tenant retail center offering a rare 8% cap rate in a tightening market. The property is anchored by three highly recognizable and stable tenants: Biggby Coffee, Miller Orthodontics, and Edward Jones. It offers a balanced mix of daily-needs retail and professional services, ensuring consistent foot traffic and long-term tenant retention.
Property Facts Under Contract
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Freestanding
Building Size
4,246 SF
Building Class
C
Year Built
2018
Price
$1,911,882 CAD
Price Per SF
$450.28 CAD
Cap Rate
8%
NOI
$152,951 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.08
Lot Size
1.26 AC
Zoning
GC - General Commercial
Parking
20 Spaces (4.71 Spaces per 1,000 SF Leased)
Frontage
66’ on State St
Amenities
- Drive Thru
Nearby Major Retailers
Property Taxes
| Parcel Number | 41-05-22-282-018 | Improvements Assessment | $0 CAD |
| Land Assessment | $0 CAD | Total Assessment | $554,002 CAD |
Property Taxes
Parcel Number
41-05-22-282-018
Land Assessment
$0 CAD
Improvements Assessment
$0 CAD
Total Assessment
$554,002 CAD
1 of 9
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
Presented by
Biggby Coffee | 275 S State St
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.
Your message has been sent!
Activate your LoopNet account now to track properties, get real-time alerts, save time on future inquiries, and more.