Offering Memorandum
Investment Sale
Crossroads Shopping Center
1366 S Main St
Adrian, Michigan
Adrian, Michigan
eCode:045i
Sales Price
$11,832,125
NOI
$946,570
Cap Rate
8.00%
Lot Size
27.21 AC
Year Built
1980-1993
Zoning
Commercial
Gross Leasable Area
202,228 SF
Anchor(s)
Family Farm & Home
Harbor Freight
Planet Fitness
Staples
Tenant Roster
- Family Farm & Home
- Harbor Freight
- Planet Fitness
- Staples
- Ivy Rehab for Kids
- Sherwin Williams
- Aaron’s
- Country Skillet
- GNC
- Jet’s Pizza
- Mancino’s Pizza & Grinders
- Advance America
- Performance Plus Oil Change
- Postal Plus
- SVS Vision
- Subway
- Metro PCS
- The Tobacco Shoppe
- Asian Buffet
Traffic Count
S Main St (16,464 CPD)
US-223 (14,126 CPD)
Highlights
- Strong Tenant Interest
- Upside Potential
- Opportunity to Reduce the Project Basis
- National Tenants, Low Rent PSF
- Priced Below Replacement Cost
- Dominant Center in the Market
| Radius | 1 mile | 3 mile | 5 mile |
| Population Density | 5,064 | 28,689 | 36,146 |
| Household Income | $53,469 | $67,103 | $77,829 |
| Daytime Pop | 2,761 | 12,997 | 14,217 |
SIMILAR PROPERTIES
Multi-Tenant
3005 Boardwalk Dr
Ann Arbor, Michigan
$5,500,000 | 45,390 SF
Ann Arbor, Michigan
$5,500,000 | 45,390 SF
Single-Tenant
17115-17117 N. Laurel Park Dr
Livonia, Michigan
Cooper’s Hawk Winery & Restaurant: $4,500,000
The Capital Grille: $5,800,000 | Cooper’s Hawk Winery & Restaurant: 11,046 SF
The Capital Grille: 9,079 SF
Livonia, Michigan
Cooper’s Hawk Winery & Restaurant: $4,500,000
The Capital Grille: $5,800,000 | Cooper’s Hawk Winery & Restaurant: 11,046 SF
The Capital Grille: 9,079 SF