Shoppes at Bay City

Shopping Center for Sale
Catylist Listing ID: 30568675
Property Subtypes: Community Center, Grocery-Anchored, Neighborhood Center, Net Leased, Power Center, Strip Center
Building Size (RSF): 32,777 SF
Gross Building Area: See Agent
Sale Price: $4,000,000
Unit Price: $122.04 PSF
Property Use Type: Net Leased Investment (NNN), Investment
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 4/1/2020

Overview / Comments

INVESTMENT SUMMARY
CBRE | Capital Markets is pleased to present The Shops at Bay City Mall (the “Property”), an opportunity for investors to acquire a Walmart/Home Depot shadow anchored retail center located in Bay City, Michigan. This property is 93.6% occupied.

HIGHLIGHTS
Diversified and Stable Tenancy
Purchasable Below Replacement Cost
Great Pylon Signage along Main Rd
Assumable Non-Recourse Financing
Downtown Bay City is Experiencing a Resurgence
Shadow Anchored by Walmart & Home Depot

Additional Details

Nearest MSA: Bay City
County: Bay
Tax ID/APN: 010-008-400-080-00
Zoning: COMMERCIAL

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 7,583 48,130 69,972
Median Age: 41.55 40.07 41.09
Households: 3,223 20,388 29,483

Contact

Photograph of Listing Agent

Cameron Timmer

CBRE Detroit CARWM Member
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