Capital Square | 1571-1603 Capital Ave
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Capital Square 1571-1603 Capital Ave
50,984 SF 100% Leased Retail Building Battle Creek, MI 49017 For Sale
Investment Highlights
- The Property produces and NOI of $205,108
- The anchor tenant, Family Fare Supermarket, has leased at the center since 1979
- Property features dual-sided pylon signage along Capital Avenue and a large on-site parking lot totaling 106 spaces
- All three (3) tenants are on NNN leases and have been at the center since at least 2005
- Partial replacement of Family Fare Supermarket's roof is in process
- Neighboring retailers include Walgreens, Dollar Tree, Dollar General, AutoZone Auto Parts, O’Reilly Auto Parts, Ace Hardware, Biggby Coffee, and more.
Executive Summary
Capital Square Shopping Center is a grocery anchored retail center located along the western side of Capital Avenue in Battle Creek, Michigan. Capital Square Shopping Center totals 50,984 square feet on one (1) parcel of land totaling 5.06-acres. The center is 100% occupied across three (3) units with tenants featuring Family Fare Supermarket, Family Dollar and Rent-A-Center. All Tenants are on NNN leases. The Property produces a Net Operating Income (NOI) of approximately $205,108. The center features dual-sided monument signage along Capital Avenue featuring visibility and exposure to over 10,000 VPD and a large on-site parking lot totaling 106 surface level spaces. Neighboring retailers include Walgreens, Dollar Tree, Dollar General, AutoZone Auto Parts, O’Reilly Auto Parts, Ace Hardware, Biggby Coffee,
McDonald’s, Taco Bell, Subway, KFC, and Wendy’s, among others.
McDonald’s, Taco Bell, Subway, KFC, and Wendy’s, among others.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Freestanding
Building Size
50,984 SF
Building Class
C
Year Built/Renovated
1979/1991
NOI
$288,111 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Loading Docks
3 Exterior
Building FAR
0.23
Land Acres
5.06 AC
Zoning
C2-COMM
Parking
106 Spaces (2.08 Spaces per 1,000 SF Leased)
Amenities
- Dedicated Turn Lane
- Pylon Sign
- Signage
PROPERTY TAXES
| Parcel Number | 18-032-100-60 | Improvements Assessment | $0 CAD |
| Land Assessment | $0 CAD | Total Assessment | $1,029,706 CAD |
PROPERTY TAXES
Parcel Number
18-032-100-60
Land Assessment
$0 CAD
Improvements Assessment
$0 CAD
Total Assessment
$1,029,706 CAD
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Zack Pearlstein -
Andrew Rubin -
Andrew Picchietti -
Power Broker Matt Tarshis -
Frontline Real Estate Partners
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Capital Square | 1571-1603 Capital Ave
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