Matt Cooper 6143347805
Jeff Ruetty 6143347833

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.

Westside Plaza Hastings Michigan OM public

PROPERTY FACTS

Sale Type

Investment NNN

Property Type

Retail

Property Subtype

Retail

Building Size

8,700 SF

Building Class

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

Parking

50 Spaces (5.75 Spaces per 1,000 SF Leased)

Frontage

175’ on W. M-43 Highway

Freeway Visibility

Pylon Sign

TRAFFIC

COLLECTION STREET	CROSS STREET	TRAFFIC VOLUME	YEAR	Distance
M-37 M-43	W State St, E	12,089	2024	0.04 mi
West State Highway 43	W State St, E	12,679	2025	0.11 mi
Green Street	-	6,073	2019	0.23 mi
M 37;M 43	Haynes Loop Dr, W	13,726	2021	0.25 mi
M 43 AND Cook Rd	Cook Rd	5,855	2021	0.27 mi
Green Street	Cook Rd	5,839	2025	0.27 mi
West State Highway 43	Haynes Loop Dr, W	12,848	2025	0.34 mi
W State Hwy 43	W State St, E	12,825	2023	0.34 mi
Green Street	W Green St, E	5,353	2022	0.41 mi
Green	W Green St, E	5,642	2025	0.41 mi