2070 Us Highway 223, Adrian, MI 49221
8,000 SF | 100% Leased | Retail Building | Adrian, MI 49221 | $1,759,000 ($220/SF)
For Sale
Active
Asking Price $1,759,000
- Property Type
-
Retail, Restaurant
- Square Feet
- 8,000 SF
- Price / Square Foot
- $220
Listing Contacts
Property Overview
• Significant Area Growth: ProMedica Health System Just Built Brand-New Hospital in Adrian (2020), the $143 Million ProMedica Charles and Virginia Hickman Hospital with Over 200,000 S.F. & Includes a New YMCA and ProMedica Wellness Center
• High Traffic Corner Location (US-223/Treat Street) with 34,000 VPD Surrounding the Center: Multiple Points of Ingress and Egress Creating Ease of Access
• County Seat Positioned as Suburb to Ann Arbor (Approx. 30 Miles Northeast) and Toledo, Ohio (Approx. 30 Miles Southeast)
• Surrounded by Large Employment Base: ProMedica Branches & Hospital, Adrian Public Schools/Lenawee Intermediate Schools, Lenawee County, Adrian Steel Company, Inergy and Many Others Drawing Residents to the Area
• High Traffic Corner Location (US-223/Treat Street) with 34,000 VPD Surrounding the Center: Multiple Points of Ingress and Egress Creating Ease of Access
• County Seat Positioned as Suburb to Ann Arbor (Approx. 30 Miles Northeast) and Toledo, Ohio (Approx. 30 Miles Southeast)
• Surrounded by Large Employment Base: ProMedica Branches & Hospital, Adrian Public Schools/Lenawee Intermediate Schools, Lenawee County, Adrian Steel Company, Inergy and Many Others Drawing Residents to the Area
Property Details
- Class
- B
- Year Built
- 2006
- Stories
- 1
- Property Subtype
- Medical
- Lot Size (sq. ft)
- 173,369 SF
Highlights
- 100% Occupied, NNN Service-Oriented Center, Shadow Anchored by Corporately Owned, Kohl’s
- Diverse Mix of National & Regional Tenants, Offering Recession Proof Retailers, As Well As Alternative Retail Users, Providing Long-Term Stability
- Attractive 7.50% CAP Rate: Long-Term Leases In Place and a Recent New Lease Execution (7-Yr. Deal with $65k of TI Spent by Tenant)
- Ease of Management with Only 3 Tenants and Ideal NNN Leases (Including Management or Admin. Reimbursements)
- Surrounded by Complimentary Retail Trade Area: Adrian Mall, Lowe’s, Marshall’s, Walmart Supercenter, Verizon, Starbuck’s, Meijer, Hobby Lobby & More
- ProMedica Health System Just Built Brand-New Hospital in Adrian (2020), the $143 Million ProMedica Charles and Virginia Hickman Hospital
Nearby Properties
Similar Properties
FAQ
- How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?
- Please email our support team at [email protected] and they will add the team member.
- How do I access a private listing?
- Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.
- How can I contact the broker
- We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
- What is the difference between Tier 1 & Tier 2 in the Due Diligence Vault?
- Documents that are placed in a Tier-1 Due Diligence vault require the execution of a Confidentiality Agreement (“CA”) for access. Documents and folders placed in the Tier-2 vault are intended to have an added layer of security and require the execution of a CA in addition to required Broker approval for access.
- How do I unsubscribe from emails?
- At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].