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Westside Plaza 1450 M-43 8,700 SF 100% Leased Retail Building Hastings, MI 49058 $3,049,000 ($350.46/SF) 7.80% Cap Rate
INVESTMENT HIGHLIGHTS
- 100% leased
- Shadow anchored by the only Wal-Mart Supercenter within 22 miles
- Fantastic real estate positioned at the only entrance to Walmart Supercenter
EXECUTIVE SUMMARY
Fantastic real estate positioned at the only entrance to Walmart Supercenter. 8,700 SF retail center on a +/- 1.25 acre corner lot; built in 2003. 100% occupancy by national and local-credit tenants. High traffic, high visibility intersection benefits from signalized access to the M-43 Highway—average daily traffic of 11,954 vehicles. Located on the western side of Hastings, Michigan (2023 population 7,512)—the county seat of Barry County (2023 population 62,423). Shadow anchored by the only Wal-Mart Supercenter within 22 miles. Parking ratio: 5.75 per 1,000 SF. Pylon signage.
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Retail
Building Size
8,700 SF
Building Class
C
Year Built
2003
Price
$3,049,000
Price Per SF
$350.46
Cap Rate
7.80%
NOI
$237,822
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.16
Lot Size
1.25 AC
Zoning
MU
Parking
50 Spaces (5.75 Spaces per 1,000 SF Leased)
Frontage
175’ on W. M-43 Highway
AMENITIES
- Freeway Visibility
- Pylon Sign
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 13-013-006-30 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $411,300 |
PROPERTY TAXES
Parcel Number
13-013-006-30
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$411,300
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Westside Plaza | 1450 M-43
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