1325 N Main St
This feature is unavailable at the moment.
We apologize, but the feature you are trying to access is currently unavailable. We are aware of this issue and our team is working hard to resolve the matter.
Please check back in a few minutes. We apologize for the inconvenience.
- LoopNet Team
thank you
Your email has been sent!
1325 N Main St
14,000 SF 100% Leased Retail Building Adrian, MI 49221 $3,118,434 CAD ($223 CAD/SF) 7.34% Cap Rate
Executive Summary
7 Space Retail strip mall built 2008 and well maintained new parking lot August 2024. Tenants Include:
- TLC Community Credit Union (a regional credit union)
- Dr. Martins Foot & Ankle
- Edward Jones
- Knights in Shining Aprons Restaurant with Drive Thru
- AAA
- Sprouts 3D Physical Therapy
The property has 2 curb cuts. There are three drive-ups, one large one on the South side of the building that is used for the credit union, then one on the East side with an awning for the former pharmacy, and then a smaller fast food style pop out on the North side for the Knights in Shining Aprons restaurant. These are all triple net leases with tenants paying a CAM (Common Area Maintenance) twice a year. Six additional parking spaces can be added along N Adrian Hwy in front of Sprouts 3D Therapy.
- TLC Community Credit Union (a regional credit union)
- Dr. Martins Foot & Ankle
- Edward Jones
- Knights in Shining Aprons Restaurant with Drive Thru
- AAA
- Sprouts 3D Physical Therapy
The property has 2 curb cuts. There are three drive-ups, one large one on the South side of the building that is used for the credit union, then one on the East side with an awning for the former pharmacy, and then a smaller fast food style pop out on the North side for the Knights in Shining Aprons restaurant. These are all triple net leases with tenants paying a CAM (Common Area Maintenance) twice a year. Six additional parking spaces can be added along N Adrian Hwy in front of Sprouts 3D Therapy.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
14,000 SF
Building Class
B
Year Built
2008
Price
$3,118,434 CAD
Price Per SF
$223 CAD
Cap Rate
7.34%
NOI
$228,893 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.15
Lot Size
2.08 AC
Zoning
B 2 - zoned B-2, “Community Business District,” which allows for any permitted use
in the B-1, “Local Business District”
Parking
63 Spaces (4.5 Spaces per 1,000 SF Leased)
Frontage
390 ft on N Adrian Hwy
Amenities
- Signage
- Drive Thru
- Wheelchair Accessible
- Air Conditioning
Nearby Major Retailers
PROPERTY TAXES
| Parcel Number | XA0-100-0314-00 | Improvements Assessment | $0 CAD |
| Land Assessment | $0 CAD | Total Assessment | $1,106,150 CAD |
PROPERTY TAXES
Parcel Number
XA0-100-0314-00
Land Assessment
$0 CAD
Improvements Assessment
$0 CAD
Total Assessment
$1,106,150 CAD
1 of 17
VIDEOS
3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
Presented by
1325 N Main St
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.