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1450 N EATON ST
ALBION, MI 49224
Asking Price
$2.25M
Cap Rate
8%
Asset Type
Shopping Center Retail
Class
Class B
What's Special
National Tenants - Value Add Retail Shopping Center and Vacant Land <p>75,283sf shopping Plaza leased by Tractor Supply Company, Dollar General, Rent-A-Center, and Label Shopper with a 24,925sf vacancy and two vacant parcels of land directly adjacent for future development opportunities. Offered at an 8% cap on existing $180,000 projected 2026 NOI. Vacancy and adjacent vacant land development opportunity make this a value-add investment with strong potential upside.</p>
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NOI
$80,000
Cap Rate
3.56%
DSCR
0.60
Underwater
Cash-on-Cash
-7.94%
Monthly Payment
$11,131.772
Annual Cash Flow
$-53,581.268
