Offering Memorandum
Investment Sale
Beecher Plaza | Auction
1357 Coldwater Rd
Mt. Morris, Michigan
Mt. Morris, Michigan
eCode:100i
Sales Price
Auction
NOI
$196,928
Building Size
26,000 SF
Lot Size
2.16 AC
Year Built
Renov. 2018
Tenant Roster
- Family Dollar
- Ohio Wholesale Liquidation
Traffic Count
Coldwater Rd (5,685 CPD)
Detroit St (4,408 CPD)
Highlights
- Family Dollar sales of $1.86M, up from $1.78M year-over-year
- 5-year Family Dollar lease extension; in place since 2004
- Michigan’s 4th-largest metro with 400,000+ population
- Ohio Wholesale Liquidations: 4 locations, recent expansion, new 7-year lease
- Property will trade significantly below replacement cost
- Family Dollar & Ohio Wholesale Liquidations provides daily essential retail services to the dense, surrounding residential population
| Radius | 1 mile | 3 mile | 5 mile |
| Population Density | 7,256 | 37,984 | 87,487 |
| Household Income | $62,230 | $52,715 | $55,636 |
| Daytime Pop | 360 | 4,789 | 20,166 |
SIMILAR PROPERTIES
Single-Tenant
1035 N Susquehanna Trail
Selinsgrove, Pennsylvania
$2,400,000 | 3,265 SF
Selinsgrove, Pennsylvania
$2,400,000 | 3,265 SF
Multi-Tenant
1500 Greentree Blvd
Clarksville, Indiana
$7,058,824 | 112,437 SF
Clarksville, Indiana
$7,058,824 | 112,437 SF
Single-Tenant
33703 Van Dyke Ave
Sterling Heights, Michigan
$3,627,787 | 7,170 SF
Sterling Heights, Michigan
$3,627,787 | 7,170 SF
