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
Single-Tenant
219 Jari Dr
Johnstown, Pennsylvania
$4,814,457 | 19,200 SF
Johnstown, Pennsylvania
$4,814,457 | 19,200 SF
Multi-Tenant
17000 Kercheval Ave
Grosse Pointe, Michigan
Unpriced | 78,058 SF
Grosse Pointe, Michigan
Unpriced | 78,058 SF
Single-Tenant
3392 E Beltline Ave NE
Grand Rapids, Michigan
$4,428,571 | 10,000 SF
Grand Rapids, Michigan
$4,428,571 | 10,000 SF