5420-5466 Beckley Road

$8,800,000, 72,222 Sqft 6½ Acres

About This Property

SHOPPING CENTER INVESTMENT OFFERING - Featuring a 72,222 SF portion of Minges Creek Plaza, a Hobby Lobby/Big Lots shadow-anchored shopping center in Battle Creek, Michigan. Currently 94% occupied, this Plaza features a strong national/local tenant mix, including JoAnn Fabrics & Crafts, Biggby Coffee, Xfinity, Supercuts, Tropical Smoothie Cafe, The UPS Store, Check 'n Go, LA Insurance, Michigan Secretary of State, B2 Outlet Stores, Wild Bill's Tobacco and Island Heat. Centrally located within the busy Beckley Road/B Drive North retail corridor, just south of I-94, the property is well positioned between the I-94/Capital Avenue, SW and M-66 interchanges and benefits from great highway access and visibility. Additional amenities include2 pylon signs (plus 1 shared with Hobby Lobby/Big Lots), ample parking, several ingress/egress options, including traffic light access at Beckley Road/Riverside Drive, and a complete façade renovation completed in 2019. Minges Creek Plaza is a solid investment opportunity offering an in-place NOI of $770,454, an 8.8% cap rate and a value-add opportunity featuring a 0.78-acre outparcel.

Essential Information

MLS® #20049192
Price$8,800,000
Bathrooms0.00
Square Footage72,222
Acres6.50
Year Built1986
TypeCommercial
Sub-TypeRetail/Commercial
StatusActive

Community Information

Address5420-5466 Beckley Road
AreaB-1
SubdivisionBattle Creek City
CityBattle Creek
CountyCalhoun
StateMI
Zip Code49015

Amenities

Utilities

Cable, Electric, Natural Gas, Telephone

Interior

HeatingForced Air
CoolingCentral
# of Fireplaces2
# of Stories1

Exterior

ExteriorBrick/Stone, Stone
Lot DescriptionIrregular
ConstructionBlock

School Information

DistrictBattle Creek
ElementaryIrregular
MiddleSee Attached

Additional Information

ZoningC-2

Listing Details

Listing AgentJodi K Milks
Listing OfficeNAI Wisinski of West Michigan

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Listing information last updated on April 22nd, 2021 at 11:16am CDT.

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