1088 E NAPIER AVE Fair Plain MI 49022-3928

DYNAMIC RETAIL LOCATION – Fairplain Plaza is strategically positioned in the heart of Benton Harbor/St. Joseph regional trade area and serves as a major retail draw for the southwestern region of Michigan. The trade area is made up of approximately 1.6 million square feet of retail space and draws consumers from more than 25 miles. Major retailers in the area surrounding Fairplain include Meijer, Walmart, Home Depot, Lowe’s, Best Buy, ALDI, and Burlington. The shopping center is the dominant retail center in the trade area now that the former Orchards Mall is being redeveloped into a mixed-use project.

SEASONAL POPULATION INFLUX – Southwest Michigan is a popular summer destination for millions of residents living in the Midwest due to its quaint beach towns and miles of sandy beaches along the Lake Michigan shoreline. During the summer season, Fairplain Plaza enjoys an expanded affluent customer base as the premier retail destination in the Benton Harbor/St. Joseph regional trade area. Fairplain Plaza also enjoys a captive local audience with a population of 80,400, and an average household income of $76,100 within a 10-mile radius of the shopping center.

STRONG NATIONAL TENANCY – The shopping center is 86% leased to the market’s best combination of national category-leading tenants including TJ Maxx, Ulta, Michaels, PetSmart, Dunham’s Sports, Party City, Dollar Tree, and Five Below. These tenants occupy 64% of the leasable area, and offer investors the opportunity to acquire a stable, institutional quality asset generating consistent tenant sales.

DOMINANT SHADOW ANCHOR – Fairplain Plaza is shadow anchored by a traffic-driving Kohl’s, which provides exceptional drawing power to the center. The Fairplain Plaza Kohl’s is scheduled to be remodeled to add Sephora by Fall of 2022.

EXCELLENT VISIBILITY AND ACCESSIBILITY – Fairplain Plaza features excellent visibility from both Highway M-139 and Napier Avenue. The center is extremely well positioned, less than one mile from three full cloverleaf interchanges with Interstate 94, which connects Chicago to Detroit, making the shopping center easily accessible to the residents of the surrounding vacation communities in Union Pier, New Buffalo, Sawyer, St. Joseph, South Haven, and Dowagiac.

SUBSTANTIAL VALUE-ADD OPPORTUNITY – An investor could add value by leasing vacant space, and potentially develop another 70,000 square feet of space on the 3.5 acres of vacant land. There is significant active leasing demand and deals teed up for the 19,836 SF space. In addition, a parcelization strategy could create cap rate arbitrage by selling off the three outlots into the single tenant/ NNN net lease market.