Plaza at Manistee

Shopping Center for Sale
Catylist Listing ID: 30165184
Property Subtypes: Neighborhood Center, Net Leased, Outlet Center, Power Center, Regional Mall, Strip Center
Building Size (RSF): 62,144 SF
Gross Building Area: See Agent
Sale Price: $2,795,000
Unit Price: $44.98 PSF
Property Use Type: Net Leased Investment (NNN), Investment
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 2/19/2018

Overview / Comments

NAI Wisinski has been retained as the Exclusive Sales Agent to sell the Plaza at Manistee. Details on this unique opportunity are outlined below.
- Center is Occupied by Three National Credit Tenants - Peebles, Dunham's Sports, and Dollar Tree
-Stable Cash Flowing Asset with Current Net Operating Income of Approximately +/- $273,000
-Attractive Assumable Financing. Non-recourse Loan with 20 Year Amortization Period.
-Well Located with Strong Visibility Along US Highway 31- a regional Retail Corridor for the Surrounding Area
-Other Major Retailers in this Corridor include Family Fare Supermarket, Family Farm & Home, a Chevrolet Dealership, Walgreens, Advanced Auto Parts, O'Reilly Auto Part, Sears Hometown Stores, Several National Chain Restaurants, and Several Banks
-Part of an Estate Sale

Additional Details

Nearest MSA: Ludington
County: Manistee
Tax ID/APN: 06-113-150-02, -11
Zoning: COMMERCIAL

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 3,525 7,963 10,367
Median Age: 43.39 44.9 45.94
Households: 1,525 3,554 4,624
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