Offering Memorandum

Investment Sale

Crossroads Shopping Center

1366 S Main St
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

Single-Tenant
408 W Maumee St
Adrian, Michigan

$1,732,143 | 19,833 SF
Multi-Tenant
4025 24th Ave
Fort Gratiot, Michigan

$10,200,000 | 86,923 SF
Multi-Tenant
1830-1879 172nd Ave
Grand Haven, Michigan

$4,287,781 | 31,034 SF
Multi-Tenant
8747-8751 Brecksville Rd
Brecksville, Ohio

$3,213,174 | 10,603 SF

Offering Memorandum

Confidentiality Agreement*

Download Agreement