Midland Square

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Midland Square

1504 Joe Mann Blvd Midland MI Midland County

Sales Price: $2,883,832

Cap Rate: 7.75%

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

Description:

ABOVE AVERAGE DEMOGRAPHICS – LOW UNEMPLOYMENT

  • $128,000+ average household incomes within the immediate one mile radius.
  • Midland County’s unemployment rate is exceptionally low at 3.2%.

GREAT LOCATION – REGIONAL MALL TRADE AREA

  • The property sits on the outparcel of Meijer Supercenter and adjacent to Midland Mall (524,000 SF). The property is well positioned in the Midland Mall regional trade area which totals over 1.8M SF of retail including Walmart, Home Depot, Target, Kohl’s, and Lowe’s.

Gross Leasable Area: 8,700 SF

Tenant Roster: Aspen Dental, Fuji Sushi, Verizon Wireless

Traffic Count: Joe Mann Blvd = 11,707 cpd
Eastman Ave = 25,667 cpd

Demographic Info:

Radius: 1 Mile 3 Mile 5 Mile
Population Density: 1,384 30,369 48,664
Avg. HH Income: $128,025 $112,860 $95,800

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.