Offering Memorandum
Investment Sale
Greenville Shopping Center
205 S. Greenville West Dr
Greenville, Michigan
Greenville, Michigan
eCode:106i
Sales Price
$8,000,000
NOI
$523,323
Cap Rate
6.55%
Building Size
95,054 SF
Lot Size
12.07 AC
Year Built
1995/2020
Anchor(s)
Hobby Lobby
Marshalls
Tenant Roster
- Hobby Lobby
- Marshalls
- Five Below
- Shoe Show
Traffic Count
Carson City Rd (22,231 CPD)
Highlights
- Investment Grade Tenant Lineup
- Below Market Rental Structure | Attractive Occupancy Costs
- All Tenants Have Contractual Rent Increases Scheduled Within The Next 4–5 Years, Providing Embedded NOI Growth
- 2020 Construction | Minimal Near-Term Capex
- Dominant Position Within Greenville Retail Corridor
| Radius | 1 mile | 3 mile | 5 mile |
| Population Density | 3,615 | 13,957 | 19,325 |
| Household Income | $88,592 | $84,359 | $89,115 |
| Daytime Pop | 1,744 | 5,788 | 6,321 |
SIMILAR PROPERTIES
Single-Tenant
720 Brown Rd
Auburn Hills, Michigan
$2,700,000 | 7,163 SF
Auburn Hills, Michigan
$2,700,000 | 7,163 SF
Single-Tenant
39001 W 12 Mile Rd
Farmington Hills, Michigan
$12,693,574 | 58,613 SF
Farmington Hills, Michigan
$12,693,574 | 58,613 SF
Multi-Tenant
36581 Hathaway St
New Baltimore, Michigan
Contact Broker | 6 Buildings
New Baltimore, Michigan
Contact Broker | 6 Buildings
