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Staples 6128 Beckley Rd 20,000 SF Retail Building Battle Creek, MI 49014 $2,641,029 CAD ($132.05 CAD/SF) 7.25% Cap Rate
Investment Highlights
- Recent 5-Year Lease Extension | No Renewal Options | RC Zoning | Brand New HVACs | 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
• Recently signed a brand new 5-year lease extension, demonstrating commitment to the site
• Zoned Regional Commercial District (RC), allowing for a wide range of commercial uses
• Brand new HVACs recently installed, limiting future expenses for owner
• 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
• Zoned Regional Commercial District (RC), allowing for a wide range of commercial uses
• Brand new HVACs recently installed, limiting future expenses for owner
• 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
$2,641,029 CAD
Price Per SF
$132.05 CAD
Cap Rate
7.25%
NOI
$191,478 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
Fairly walkable
40/100
Exceptionally drivable
100/100
Somewhat bikeable
30/100
Nearby Major Retailers
Property Taxes
| Parcel Numbers | Improvements Assessment | $0 CAD | |
| Land Assessment | $0 CAD | Total Assessment | $2,432,041 CAD |
Property Taxes
Parcel Numbers
Land Assessment
$0 CAD
Improvements Assessment
$0 CAD
Total Assessment
$2,432,041 CAD
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Staples | 6128 Beckley Rd
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