Majestic Square

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Majestic Square

2950-2992 Center Ave Essexville MI Bay County

Sales Price: UNPRICED

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

Description:

KROGER SHADOW:

  • Majestic Square sits directly adjacent to a well performing Kroger which has been operating at this location for 25+ years. Kroger has seen 30% growth in same store sales since 2020.

JOANN ANCHORED:

  • JOANN Fabrics is one of the nation’s leading fabric and craft retailers with over 865 locations and an annual revenue over $2.5B. JOANN occupies 22% of the gross GLA and recently entered into a long term lease agreement until 1/31/2029. JOANN has been operating here since 1996.

VALUE ADD OPPURTUNITY:

  • Center is 29.98% occupied, significant value may be added via lease-up of vacant suites/junior box. Building facades have recently been updated and vacant suites are in move-in ready conditions.

Building Size: 64,957 SF

Lot Size: 13.78 AC

Anchors: Joann Fabrics & Crafts

Demographic Info:

Radius: 1 Mile 3 Mile 5 Mile
Population Density: 5,570 38,332 63,805
Avg. HH Income: $76,083 $61,485 $61,744

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.