HEMLOCK PLAZA EAST

Retail-Commercial for Sale
Catylist Listing ID: 30203033
Property Subtypes: Free-Standing Building, Mixed Use, Retail-Pad, Street Retail, Other
Building Status: Proposed
Building Size (RSF): 34,465 SF
Gross Land Area: 9.86 Acres
Sale Price: $1,000,000
Unit Price: $29.01 PSF
Property Use Type: Net Leased Investment (NNN), Investment
Building Name: Hemlock East Plaza
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 11/13/2018

Overview / Comments

Property was formerly anchored by Rics Super Market and Family Dollar. Valued at opportunity

18,000 SF, 4,090 SF, 1,850 SF, 1,320 SF, and 8,000 SF are the available unit sizes

(Multiple) Out pad included to build up to 10,000 SF

Property presents the opportunity for a supermarket operator to be the only supermarket in the trade district.

Many supermarket store fixtures in place, ready for a new operator.

Additional Details

Nearest MSA: Saginaw
County: Saginaw
Taxing Authority: Richland Township
Tax ID/APN: 22122273003001
Zoning: B-3
Retail Clientele: General, Family, Business
Property Visibility: Excellent
Largest Nearby Street: Hemlock Rd
Traffic/Vehicle Count: 9,537
Site Description: Community Shopping Center with multiple outlots
Area Description: Affluent suburb to Saginaw MI. Major employer- Dow Chemical and Hemlock Semi Conductor.
Tenancy: Multiple Tenants
Total Number of Buildings: 1
Number of Stories: 1
Property Condition: Average
Parking Description: Ample parking space.
Sprinklers: None
Heat Type: Natural Gas
Heat Source: Other
Air Conditioning: Other
Zoning Description: B-3 Commercial, Richland Township
Water Service: Municipal
Sewer Type: Municipal

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 1,429 4,144 13,455
Median Age: 38.23 42.47 44.04
Households: 570 1,610 5,286
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