Vacant QSR & Commercial Land Portfolio
Vacant QSR & Commercial Land Portfolio | 8 Assets Across 4 States
Marketing description
Northmarq, on behalf of Ownership as its exclusive advisor, is pleased to offer for sale 8 development opportunities located in various markets in Arkansas, North Carolina, Indiana, and Michigan (the “Property” or the “Properties”). The Properties are each well-located vacant buildings or raw land parcels with significant upside potential. The Properties all carry general commercial zoning in their respective cities and relatively loose restrictions from the Seller. This lends itself to many potential uses including QSR, automotive, or small footprint retail among many others. The Properties all sit along major retail thoroughfares in their respective cities and are surrounded by traffic drivers that allow for significant development opportunities.
- Large Development-Ready Parcels: Each Property consists of large development-ready parcels ranging from 0.72 acres to 1.59 acres. Each parcel is well suited for a wide variety of retail uses including quick service restaurant, quicklube, bank, medical office, gas station, car wash, or small footprint retail store, among many more.
- Primary Retail Corridor: The Properties are all located along major retail corridors in their respective cities. There are several other major retailers surrounding each Property that drive traffic past the sites and allow
- for redevelopment.
- Easy Access: The Properties are all located along major retail corridors in their respective cities. There are several other major retailers surrounding each Property that drive traffic past the sites and allow for redevelopment.
- Located Near Major Intersections: Several of the Properties are located just off major intersections, providing higher vehicles-per day counts and easier access to the premises.
- Strong Demographics: Each Property, even the most rural, has strong populations that can support the development / redevelopment into various retail uses. In fact, the populations of the rural locations have shown pent-up demand for more retail uses through the estimated store sales of the retailers surrounding the Properties.
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