Offering Memorandum
Investment Sale
Mission Street Center
1218 S Mission St
Mount Pleasant, Michigan
Mount Pleasant, Michigan
eCode:104i
Sales Price
$2,423,103
NOI
$175,675
Cap Rate
7.25%
Building Size
9,908 SF
Lot Size
2.67 AC
Year Built
1990
Tenant Roster
- Gi-Gi Nails
- Evolved Art Tattoo
- Reach Ministries
- Jude’s Barbershop
- Wildside Smoke Shop
- Mocha Town Café
Traffic Count
Mission St (24,214 CPD)
E Preston St (6,035 CPD)
Highlights
- Adjacent to Central Michigan University
- Low Capital Expenditure Profile
- New Anchor Tenant
- Ample Parking
- NNN Reimbursement Structure
- Infill Location with Barriers to Entry
| Radius | 1 mile | 3 mile | 5 mile |
| Population Density | 14,923 | 31,972 | 37,989 |
| Household Income | $60,215 | $65,690 | $70,839 |
| Daytime Pop | 4,546 | 14,860 | 17,047 |
SIMILAR PROPERTIES
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$2,037,959 | 16,325 SF
Norfolk, Virginia
$2,037,959 | 16,325 SF
Multi-Tenant
205 S. Greenville West Dr
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$8,000,000 | 95,054 SF
Greenville, Michigan
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