Cascade Crossing

Back to your search results

Cascade Crossing

4516 Interstate 75 Business Spur Sault Ste. Marie MI Chippewa County

Sales Price: UNPRICED

Contact Person(s): Daniel Kukes
Jason Greenspan
Maxwell Lippitt

Description:

DOMINANT CENTER IN MARKET:

  • Cascade Crossing is the largest shopping center in Sault Ste. Marie. With minimal competition, the subject property is the dominant center in the market.

BEST IN CLASS TENANT/CREDIT STRENGTH:

  • TJ Maxx, Hobby Lobby, Five Below, Kohls and Dollar Tree are considered best in class, e-commerce resistance tenants including Hobby Lobby (exp. 2030), TJ Maxx (exp. 2027), Dollar Tree (exp. 2025), and Harbor Freight (exp. 2030). TJ Maxx has an investment grade A2 credit rating.
  • All of tenants in the center have expanded and excelled during the pandemic.

INTERNATIONAL BORDER AND TOURISM:

  • Sault Ste. Marie, MI has a population of approximately 14,144 people, and its twin city in Canada has a population of 80,000. The two cities are joined by the International Bridge (5,400 VPD), which is 2.8 miles long and connects Michigan and Ontario Canada. The Sault Ste. Marie International Bridge is the only vehicular crossing between Ontario and Michigan within a 300-mile distance.
  • It is estimated that 500,000 people visit Sault St. Marie and the Soo Locks each year.

Building Size: 277,061 SF

Zoning: Commercial

Tenant Roster: Kohls, Joann, TJ Maxx, Dollar Tree, Harbor Freight, Dunham's Hobby Lobby, Buffalo Wild Wings, Anytime Fitness, Bath & Body Works, Shoe Dept. & Maurices

Demographic Info:

Radius: 10 Mile 20 Mile 30 Mile
Population Density: 19,575 32,136 35,375
Avg. HH Income: $62,223 $67,074 $68,306
Daytime Population: 11,367 15,212 15,701

LANDMARK INVESTMENT SALES – Licensed Real Estate Brokers. The information above has been obtained from sources believed reliable. While we do not doubt its accuracy, we have not verified it and make no guarantee, warranty or representation about it. It is your responsibility to independently confirm its accuracy and completeness. Any projections, opinions, assumptions or estimates are used for example only and do not represent the current or future performance of the property. The value of this transaction to you depends on tax and other factors which should be evaluated by your tax, financial and legal advisors. You and your advisors should conduct a careful, independent investigation of the property to determine to your satisfaction, the suitability of the property for your needs.