535 Emmett St E
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535 Emmett St E
13,938 SF 70% Leased Retail Building Battle Creek, MI 49017 $1,538,125 CAD ($110 CAD/SF) 8.40% Cap Rate
Investment Highlights
- Scheduled Rent Increases
- Strong Anchor Tenant
- Strong Traffic Counts
- Upside Potential
- Recession Resistant Tenant
- Strong Demographics
Executive Summary
Horvath & Tremblay is pleased to present the exclusive opportunity to purchase the Dollar General Plaza, an investment property located at 535 E Emmett Street in Battle Creek, Michigan (the “Property”). The Property is comprised of two (2) buildings and includes a total of 17,878 square feet on a 1.66-acre lot. The primary building is anchored by Dollar General and a vacant self-storage facility, and the adjacent single tenant building is leased to Salsas Mexican Restaurant. Dollar General has 1+ years remaining on their corporate lease with four (4), 5-year renewal options, and Salsas has 2+ years remaining with two (2), 3-year renewal options. The Dollar General Plaza is ideally positioned along E Emmett Street and is adjacent to the signalized intersection with Capital Avenue NE (MI Route 66), the area’s primary commercial and commuter corridor. The Property benefits from outstanding visibility, frontage, and signage and has three points of access. The Property is adjacent to Walgreens, less than 2 miles from the center of Battle Creek and is surrounded by densely populated residential neighborhoods providing a built-in customer base. The Property also offers convenient access to Bronson Battle Creek Hospital, national and local retailers, Kellogg Community College, and area public schools. The Property is close to the area’s major roadways including MI Routes 66, 89, and 96 and Interstate 194. Battle Creek is in south central Michigan and is 25 miles east of Kalamazoo, 75 miles west of Ann Arbor, and 115 miles west of Detroit, Michigan.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront Retail/Office
Building Size
13,938 SF
Building Class
B
Year Built
1958
Price
$1,538,125 CAD
Price Per SF
$110 CAD
Cap Rate
8.40%
NOI
$129,179 CAD
Percent Leased
70%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.19
Land Acres
1.66 AC
Parking
1.68 Spaces per 1,000 SF Leased
Walk Score ®
Very Walkable (79)
PROPERTY TAXES
Parcel Number | 5760-00-073-0 | Improvements Assessment | $0 CAD |
Land Assessment | $0 CAD | Total Assessment | $474,425 CAD |
PROPERTY TAXES
Parcel Number
5760-00-073-0
Land Assessment
$0 CAD
Improvements Assessment
$0 CAD
Total Assessment
$474,425 CAD
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535 Emmett St E
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