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Union Shoppes 3 Retail Properties Offered at $9,039,138 CAD in Mount Pleasant, MI
Investment Highlights
- Easy access to major retailers such as Walmart, Sam’s Club and Menards
- Site has great visibility and frontage along E. Blue Grass Road, as well as a traffic-controlled intersection.
- Existing vacancy provides upside potential for increasing NOI
- Mt. Pleasant is home to Central Michigan University which provides many customers for the retail centers in the market.
- Newer build with attractive brick facade helps attract tenants to the center.
Executive Summary
Subject property is a multi-tenant strip center with a strong mix of national and local retailers. The property is strategically located across from the big box retailers in Mt. Pleasant, providing easy cross shopping for Walmart, Sam’s Club and Menards customers. The site benefits from a traffic-controlled intersection on E. Blue Grass Road and Encore Drive, and has another point of access west on E. Blue Grass Road. The parcel is large with plenty of parking and 650 feet of frontage along E. Blue Grass Road
Property Facts
| Price | $9,039,138 CAD | Number of Properties | 3 |
| Price / SF | $303.34 CAD / SF | Individually For Sale | 0 |
| Cap Rate | 7.50% | Total Building Size | 29,799 SF |
| Sale Type | Investment | Total Land Area | 14.35 AC |
| Status | Active |
| Price | $9,039,138 CAD |
| Price / SF | $303.34 CAD / SF |
| Cap Rate | 7.50% |
| Sale Type | Investment |
| Status | Active |
| Number of Properties | 3 |
| Individually For Sale | 0 |
| Total Building Size | 29,799 SF |
| Total Land Area | 14.35 AC |
Properties
| Property Name / Address | Property Type | Size | Year Built | Individual Price |
|---|---|---|---|---|
|
Union Shoppes
4445 E Blue Grass Rd, Mount Pleasant, MI 48858 |
Retail | 9,933 SF | 2005 | - |
|
Union Shoppes
4459 E Blue Grass Rd, Mount Pleasant, MI 48858 |
Retail | 9,933 SF | 2005 | - |
| 4493 E Blue Grass Rd, Mount Pleasant, MI 48858 | Retail | 9,933 SF | 2005 | - |
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