

1450 N EATON ST ALBION MI 49224
National Tenants - Value Add Retail Shopping Center and Vacant Land
Marketing description
Shopping Plaza leased by Tractor Supply Company, Dollar General, Rent-A-Center, and Label Shopper with a 24,925sf vacancy and two vacant parcels of land directly adjacent for future development opportunities. Taco Bell, O'Reilly Auto Parts and Dairy Queen are on separate parcels, and not included in this sale, but are strong traffic generators to the plaza. Albion Plaza is well positioned directly off of the I-94 interstate and between the interstate and Downtown Albion with most residents, business employees, and visitors driving in front of the site each day. This is a value-add opportunity for an investor looking for stable income with tenants on long leases, and the ability to add value by leasing the available space or developing on the vacant land parcels adjacent to the site.
Investment highlights
75,283sf shopping Plaza leased by Tractor Supply Company, Dollar General, Rent-A-Center, and Label Shopper with a 24,925sf vacancy and two vacant parcels of land directly adjacent for future development opportunities. Offered at an 8% cap on existing $180,000 projected 2026 NOI. Vacancy and adjacent vacant land development opportunity make this a value-add investment with strong potential upside.
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