Eastpointe Plaza | Adrian, MI

Agent Info

Evan Lyons

248.702.0298
elyons@encorereis.com

Deno Bistolarides

248.702.0288
denob@encorereis.com

Ryan Vinco

248.702.0299
ryan@encorereis.com

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Offering Information

1671-1693 East US Highway 223
Adrian, MI 49221

  • Price: $2,200,000
  • Cap. Rate: 7.93%
  • NOI: $174,395
  • Building Size: 16,000SF
  • Lot Size: 2.954 AC

Investment Highlights

  • Value-Add Opportunity by Filling One Remaining Vacancy
  • All Five Tenants Operate Under Triple-Net (NNN) Leases and Reimburse for Their Pro-Rata Share of Operating Expenses (CAM, Taxes, Insurance)
  • Center is Shadow Anchored by #1 Performing Walmart in the Region
  • Located on Adrian’s Main Retail / Traffic Thoroughfare with 22,590+ VPD
  • Surrounded by a Strong Mix of National Tenants (Lowe’s, Goodwill, Meijer, Kmart)
  • New T-Mobile Tenant Lease in November 2017
  • GameStop Recently Executed 5-Year Lease Extension
  • 60% of Tenants have Been at this Location for 10+ Years