Offering Memorandum
Investment Sale
Fort Gratiot Plaza
4025 24th Ave
Fort Gratiot, Michigan
Fort Gratiot, Michigan
eCode:071i
Sales Price
$10,200,000
NOI
$904,495
Cap Rate
8.87%
Building Size
86,923 SF
Lot Size
8.08 AC
Year Built
1980 / 1999, 2015, 2016, 2017
Tenant Roster
- CSL Plasma
- Harbor Freight
- Salvation Army (Coming Soon)
- Lawrence Jewelers
- Gander Mountain (Dark)
Traffic Count
24th Ave (26,614 CPD)
Krafft Rd (7,369 CPD)
Highlights
- Value-Add Opportunity
- Strong Credit Tenant Line-Up
- Priced Well Below Replacement Cost / Below Market Rents
- Stable Tenancy & Income Stream
- CAPEX Improvements
- Regional Mall Location/Barriers to Entry
| Radius | 1 mile | 3 mile | 5 mile |
| Population Density | 4,370 | 24,763 | 48,948 |
| Household Income | $89,737 | $96,579 | $85,637 |
| Daytime Pop | 3,938 | 9,542 | 23,854 |
SIMILAR PROPERTIES
Single-Tenant
2710 Salem Ave
925 Woodville Rd
Dayton & Toledo, Ohio
Dayton, OH: $1,833,333
Toledo, OH: $1,866,667 | Dayton, OH: 13,905 SF
Toledo, OH: 15,048 SF
925 Woodville Rd
Dayton & Toledo, Ohio
Dayton, OH: $1,833,333
Toledo, OH: $1,866,667 | Dayton, OH: 13,905 SF
Toledo, OH: 15,048 SF
Single-Tenant
30755 Montpelier
Madison Heights, Michigan
$4,000,000 | 26,595 SF
Madison Heights, Michigan
$4,000,000 | 26,595 SF
Single-Tenant
2150 Executive Hills Ct
Auburn Hills, Michigan
$18,181,416 | 114,830 SF
Auburn Hills, Michigan
$18,181,416 | 114,830 SF