Description
Located in the Grand Traverse Crossings development is a 100% leased multi-tenant property with a combined square footage of over 12,000 SF in three very well maintained buildings. At asking price, this property has an 8+% CAP rate with 2+ year tenant leases with renewal clauses, recently replaced roofs, and updated mechanicals. It is in a great area for retail shoppers with neighbors like Walmart, Home Depot, Aldi, Planet Fitness, Home Goods, several restaurants, hair salons, and is directly across from the Grand Traverse Mall. MDOT Annual Average Daily Traffic (AADT 2022) is 23,186. Do NOT discuss nor tour the businesses without previous permission from Coldwell Banker.
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0BEDS
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1.3ACRES
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0BATHS
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01/2 BATHS
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12,032SQFT
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$212$/SQFT
School Ratings & Info
Description
Located in the Grand Traverse Crossings development is a 100% leased multi-tenant property with a combined square footage of over 12,000 SF in three very well maintained buildings. At asking price, this property has an 8+% CAP rate with 2+ year tenant leases with renewal clauses, recently replaced roofs, and updated mechanicals. It is in a great area for retail shoppers with neighbors like Walmart, Home Depot, Aldi, Planet Fitness, Home Goods, several restaurants, hair salons, and is directly across from the Grand Traverse Mall. MDOT Annual Average Daily Traffic (AADT 2022) is 23,186. Do NOT discuss nor tour the businesses without previous permission from Coldwell Banker.
The accuracy of all information, regardless of source, is not guaranteed or warranted. All information should be independently verified. © 2023 Northern Great Lakes REALTORS© MLS. All rights reserved. Data last updated: 2023-12-03T15:51:54.977.