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25529365

505 W Main St, Lowell, MI 49331

NorthStar Commercial
NorthStar Commercial
Listed by NorthStar Commercial
$1,100,000
308 days on market
Updated 71 days ago

Lowell Plaza

Details
APN 41-20-02-341-007
Property Type Retail
Sub Type Shopping Center, Storefront
Square Footage 10,710
Net Rentable (SqFt) 10,710
Units 7
Cap Rate 7.87%
NOI $86,524
Tenancy Multi
Brand/Tenant Little Caesars
Lease Type NNN
Rent Bumps Yes
Pro-Forma Cap Rate 11.56%
Pro-Forma NOI $127,128
Price per SqFt $103
Broker Co-Op Yes
Class C
Year Renovated 2018
Buildings 2
Stories 1
Acreage 1.238
Zoning C3
Parking Spaces spaces
Investment Type Value Add
Sale Condition For sale by owner

Retail | 7.87% CAP | 10,710 SqFt

Marketing description

Introducing an exceptional retail opportunity - the LOWELL SHOPPING CENTER located at 505 W Main St, Lowell, MI 49331. This prime commercial property offers an ideal investment in a high-traffic area with excellent visibility. Featuring a diverse tenant mix, this shopping center provides a stable income stream and promising potential for growth. The property's strategic location and well-maintained premises make it a lucrative choice for investors looking to expand their portfolio or enter the retail market. With detailed financial summaries, lease comps, site plans, and area analytics available, you can explore the immense possibilities that this property holds. Take advantage of this exclusive opportunity to own a prominent retail asset in a thriving community. Don't miss out on the chance to acquire the LOWELL SHOPPING CENTER - a premier retail destination that promises both immediate returns and long-term value appreciation. Contact us today to learn more about this exceptional investment opportunity.

Investment highlights

Listing Contacts

NorthStar Commercial
NorthStar Commercial
Listed by NorthStar Commercial

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Loan Amount
$0.00
Annual Debt Service
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Annual Cash Flow
$86,524.00
$7,210.33/mo

Valuation Metrics

0
DSCR
7.87%
Cap Rate
7.87%
ROI

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