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Staples 6128 Beckley Rd 20,000 SF Retail Building Battle Creek, MI 49014 $2,846,900 CAD ($142.34 CAD/SF) 6.75% Cap Rate
INVESTMENT HIGHLIGHTS
- ~1 Year Remaining | No Renewal Options | Value-Add Opportunity | RC Zoning | 2024 Parking Lot Replacement
- Proximity To I-94 (47,400 VPD) & M-66/I-194 (20,600 VPD)
- Prime Retail Corridor | Outparcel To Walmart-Anchored Center
- Residential Base | Strong Demographics In 5-Mile Trade Area
EXECUTIVE SUMMARY
• Approximately one year of lease term remaining, providing near-term income
• With no remaining renewal options, the property presents a compelling value-add opportunity upon lease expiration in 2026 through redevelopment or re-tenanting
• Zoned Regional Commercial District (RC), allowing for a wide range of commercial uses
• Parking lot was fully replaced in 2024, reducing the need for capital expenditures associated with future development
• Priced at $103 PSF with in-place rent at $7 PSF
• With no remaining renewal options, the property presents a compelling value-add opportunity upon lease expiration in 2026 through redevelopment or re-tenanting
• Zoned Regional Commercial District (RC), allowing for a wide range of commercial uses
• Parking lot was fully replaced in 2024, reducing the need for capital expenditures associated with future development
• Priced at $103 PSF with in-place rent at $7 PSF
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
20,000 SF
Building Class
B
Year Built
1995
Price
$2,846,900 CAD
Price Per SF
$142.34 CAD
Cap Rate
6.75%
NOI
$192,080 CAD
Tenancy
Single
Building Height
1 Story
Loading Docks
6 Exterior
Building FAR
0.14
Lot Size
3.33 AC
Zoning
RC - Regional Commercial District
Parking
92 Spaces (4.6 Spaces per 1,000 SF Leased)
Frontage
588’ on B Dr
AMENITIES
- Dedicated Turn Lane
- Pylon Sign
- Signage
- Signalized Intersection
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $0 CAD | |
| Land Assessment | $0 CAD | Total Assessment | $2,434,211 CAD |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$0 CAD
Improvements Assessment
$0 CAD
Total Assessment
$2,434,211 CAD
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Staples | 6128 Beckley Rd
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