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1101-1249 E Grand River Ave

80,800 SF 100% Leased Retail Building Howell, MI 48843 $14,447,407 CAD ($179 CAD/SF) 7.10% Cap Rate

Retail Buildings Michigan Howell 1101-1249 E Grand River Ave, Howell, MI 48843

Investment Highlights

  • Approximately 40% of the base rent is from tenants that have been operating in Howell Promenade for more than 10 years

Executive Summary

Mid-America Real Estate-Michigan, Inc. has been retained on behalf of the owner to sell the 100% fee simple interest in Howell Promenade shopping center, which is being offered free and clear. This offering presents investors with the opportunity to acquire a Dollar
Tree and Planet Fitness anchored shopping center in the affluent suburb of
Howell, Michigan.

Data Room Click Here to Access

  • Offering Memorandum

Property Facts

Sale Type
Investment
Property Type
Retail
Property Subtype
Freestanding
Building Size
80,800 SF
Building Class
C
Year Built/Renovated
1971/1993
Price
$14,447,407 CAD
Price Per SF
$179 CAD
Cap Rate
7.10%
NOI
$1,025,766 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Loading Docks
2 Exterior
Building FAR
0.17
Land Acres
10.60 AC
Zoning
B-2 - B-2, General Business
Parking
284 Spaces (7.24 Spaces per 1,000 SF Leased)
Frontage
765 ft on Grand River Ave

Amenities

  • Signage
1 of 1

PROPERTY TAXES

Parcel Number 17-36-403-013 Improvements Assessment $0 CAD
Land Assessment $0 CAD Total Assessment $5,400,736 CAD

PROPERTY TAXES

Parcel Number
17-36-403-013
Land Assessment
$0 CAD
Improvements Assessment
$0 CAD
Total Assessment
$5,400,736 CAD
(248) 385-5000 x110

  • Listing ID: 34047077

  • Date on Market: 2024-12-02

  • Last Updated:

  • Address: 1101-1249 E Grand River Ave, Howell, MI 48843

The Retail Property at 1101-1249 E Grand River Ave, Howell, MI 48843 is currently available For Sale. Contact Mid-America Real Estate - Michigan, Inc. for more information.

Retail PROPERTIES IN NEARBY NEIGHBORHOODS

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1101-1249 E Grand River Ave
(248) 385-5000 x 110

1101-1249 E Grand River Ave

1/2

Jared Gell

(248) 385-5000

x110

(248) 385-5000 x110

Eric Unatin

(248) 855-6800

(248) 855-6800

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