Retail    

Hobby Lobby — Ollie's

 Adrian, MI

Asking Price

$3,580,000

Cap Rate

8.00%

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Combined Avg. VPD

39,651

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Year Built

1970

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Building Area

± 80,749 SF

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Population (5-Mile)

35,637

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Avg HHI (5-Mile)

$75,841

For more details on this exclusive listing

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INVESTMENT HIGHLIGHTS

Primary Retail Corridor

  • Located on a major commercial corridor (S. Main St.)
  • Less than 10 minutes from Adrian College and Siena Heights
  • Development surrounded by key retailers, Walmart, Meijer and Lowe’s
  • Strong traffic counts exceeding 16,000 VPD on S. Main St. and 23,000 VPD on US-223
  • Proximity to a densely populated residential area

Opportunity Zone 

  • Located in a designated Opportunity Zone, offering potential tax benefits for investors

National-Credit Tenants

  • Two-tenant center with Hobby Lobby and Ollie’s Bargain Outlet
  • Fully occupied retail center with stable tenants
  • Regional market vacancy rate remains lows University

Convenient Accessibility

  • The center offers many points of ingress and egress on three streets (S. Main St., US-223, and S. Winter St.), ensuring smooth traffic flow and easy entry for customers

Exclusively Listed By

Patrick Metz

Associate Vice President
  pmetz@northmarq.com      513.906.5397

Ryan Roedersheimer

Senior Vice President
  ryanr@northmarq.com   

Steve Di Iorio

Associate
  sdiiorio@northmarq.com   

In Association With
Rob Gemerchak

MI Lic. #6502410540

Northmarq

9600 Colerain Ave., Suite 403
Cincinnati, OH 45251


northmarq.com