物业观光
物业参观必须提前预约。请联系Steven Silverman,电话:248-848-4089 / Steven.Silverman@freg.com或Josh Miller,电话:248-848-4146 / Josh.Miller@freg.com。
投资亮点
克罗格和家庭美元主力店,±67,845平方英尺零售广场
克罗格(加燃料)和家庭美元最近5年续约
强劲上扬,空置率为±10,133平方英尺
位于密歇根州弗林特镇(Flint MSA)I-75州际公路旁的Corunna路,
区零售商包括沃尔玛、山姆俱乐部、家得宝、洛氏、沃尔格林和来爱德
停车场约有531个车位,车位充足
投资概述
Carman Plaza(“物业”)是位于密歇根州弗林特镇的一座±67,845平方英尺的Grocery Anchored Plaza。
克罗格(与位于克罗格的加油站)和家庭美元作为主力店,物业位于Corunna路战略要地,紧邻繁忙的I-75交汇处。7英亩物业在繁忙且不断增长的零售走廊上显而易见,其中Corunna和I-75的综合流量统计超过90,000(每日通过车辆数)。此外,附近还有很多主要零售商(位于林登路以西),包括沃尔格林、来爱德、阿尔迪、住宅仓库、劳氏、蒂姆霍顿、塔可钟、汉堡王、赛百味等等。
目前Carman Plaza的租金为±85.06%,由6名租户支付每平方英尺约4.57美元的平均年租金。克罗格是全美最大(按收入计算)的连锁超市,是物业最大的租户,占地面积为±39,428平方英尺(总可出租面积的±58.1%),租约于2021年10月31日到期。
Property Tours
Tours are available by appointment ONLY. Please contact Steven Silverman at 248-848-4089/Steven.Silverman@freg.com or Josh Miller at 248-848-4146/Josh.Miller@freg.com to schedule.
Investment Highlights
Kroger & Family Dollar anchored, ±67,845 SF retail plaza
Recent 5-year lease renewals from Kroger (with Fuel) and Family Dollar
Strong upside with ±10,133 SF vacancy
Located on Corunna Road, just off Interstate I-75 in Flint Township, MI (Flint MSA)
Area retailers include Walmart, Sam's Club, Home Depot, Lowe's, Walgreens, and Rite Aid
Ample parking with approximately 531 spaces
Investment Overview
Carman Plaza (the “Property”) is a ±67,845 SF Grocery Anchored Plaza located in Flint Township, Michigan.
Anchored by Kroger (with Kroger positioned Fuel Station) and Family Dollar, the Property is strategically positioned on Corunna Road, just off the busy I-75 Interchange. The 7 acre site is highly visible on a busy and growing retail corridor, with a combined traffic count of Corunna and I-75 exceeding 90,000 VPD. In addition, there are an abundance of major retailers in the immediate vicinity (just west to Linden Road), including Walgreens, Rite Aid, Aldi, The Home Depot, Lowe's, Tim Hortons, Taco Bell, Burger King, Subway, and many more.
Carman Plaza is currently ±85.06% occupied by 6 tenants paying an average annual rent of approximately $4.57 PSF. Kroger, the nation’s largest supermarket chain by revenue, is the Property's largest tenant, occupying ±39,428 SF (±58.1% GLA), with a lease expiring on October 31st, 2021. Other tenants include Family Dollar, a variety store chain with over 8,000 national locations (±8,400 SF/±12.4% GLA), Best Beauty (±3,660 SF/±5.4% GLA), Sylvan Learning Center (±3,280 SF/±4.8% GLA), Hair Force Academy (±2,100 SF/±3.1% GLA), and Kim's Photography (±844 SF/±1.2% GLA). The majority of the in-place tenants have already renewed their original leases, including Kroger (with Fuel) and Family Dollar, who recently signed 5-year renewals. There are currently 4 vacant units available, totaling ±10,133 SF (±14.9% GLA). The Property includes ample parking, with approximately 531 surface spaces.
The Flint MSA is Genesee County’s premier shopping district, with Carman Plaza offering a wonderful shopping experience. Genesee Valley Mall, Birch Run Outlets, and Historic Frankenmuth are all within 15 minutes away. McLaren Hospital provides cutting edge technology in Proton Therapy Cancer Treatment. and offers extended care stay at McLaren’s Hospitality House. Genesee Valley Bike Trail offers miles of walking, biking, or hiking for outdoor adventure, and links to Flint's Township Park. Baker College, ITT Tech, Davenport College, Spring Arbor College, and Northwood University are all located in Flint Township, with Mott Community, University of Michigan-Flint, and Kettering University minutes away. The site is served well by the enormous traffic volume going both north and south on I-75, the major interstate that connects northern Michigan to Florida. Flint is also a freeway crossroads location at the intersection of both Interstates 75 and 69.
This offering presents investors the opportunity to acquire a well-positioned Kroger (with fuel) and Family Dollar anchored retail plaza, with an in-place cash flow and strong upside potential through the lease-up of vacant units. This property will be auctioned on Monday, April 9 - Wednesday, April 11 . The price displayed is the starting bid amount of $750,000. For information and to register to bid on this property, please visit Ten-X.com.