5420-5466 Beckley Road
$9,075,000, 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 8.5% cap rate and a value-add opportunity featuring a 0.78-acre outparcel.
Natural Gas, Cable, Electric, Telephone
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Listing information last updated on January 25th, 2021 at 12:15am CST.