Coldwater Shopping Center
Retail | 8.00% CAP | 35,067 SqFt
Marketing description
Coldwater Shopping Center is a value-add investment opportunity currently 90% occupied with an operating NOI of approximately $278,519 providing investors stable in-place cash flow supported by long-term national tenants. The center is primarily leased to established national and regional tenants on long-term lease structures with renewal options, providing stable income and reduced rollover risk.
Located along E Chicago Street, the primary retail corridor within the market, Coldwater Shopping Center is surrounded by national retailers including Walmart, Meijer, Aldi, Walgreens, Starbucks, Taco Bell, AutoZone, and more. The Property features multiple access points, strong frontage visibility, and ample parking providing ease of ingress/egress for both tenants and consumers.
The offering includes approximately 35 acres of C4-zoned excess land along I-69 presenting a value-add development opportunity with excellent freeway visibility and flexible zoning that supports a wide range of future commercial uses.
Investment highlights
- Value-Add Investment Opportunity: The Property is currently 90% occupied with an operating NOI of approximately $278,519 providing investors stable in-place cash flow supported by long-term national tenants.
- Strong National Tenant Base: The center is primarily leased to established national and regional tenants on long-term lease structures with renewal options, providing stable income and reduced rollover risk.
- Strong Retail Corridor: Coldwater Shopping Center is positioned along E Chicago Street, the primary retail corridor within the market, surrounded by national retailers including Walmart, Meijer, Aldi, Walgreens, Starbucks, Taco Bell, AutoZone, and more.
- Accessible Layout & Parking: The Property features multiple access points, strong frontage visibility, and ample parking providing ease of ingress/egress for both tenants and consumers.
- Additional Raw Land & Excess Acreage: ±35 acres of C4-zoned excess land along I-69 presenting a value-add development opportunity; excellent freeway visibility and flexible zoning support a wide range of future commercial uses.
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