Sec Bay Road & Schust Road Saginaw, Mi
SEC BAY ROAD & SCHUST ROAD SAGINAW, MI INVESTMENT HIGHLIGHTS SUBJECT OFFERING id-America Real Estate Corporation, in cooperation with Mid-America MReal Estate – Michigan, Inc., has been retained on behalf of the owner to sell the 100% fee simple interest in Fashion Corners, a 187,352 square foot retail center located in Saginaw, Michigan. The fully leased center is located at the southeast corner of Bay Road and Schust Road in the dense Saginaw regional trade area. Location: SEC Bay Road & Schust Road Saginaw, Michigan GLA: 187,3 52 S F Lot Size: 15.62 AC Occupancy: 100% Anchors: Best Buy, Bed Bath & Beyond, Dunham’s Sports, Guitar Center, Harbor Freight Tools In-Place Net Operating Income: $1,773,306 Asking Price: $19,700,000 Cap Rate: 9% KEY FEATURES TRAFFIC DRIVING CREDIT TENANCY – Leased to an array of national retail category leaders that comprise 73% of the center’s GLA, Fashion Corners is anchored by Best Buy, Bed Bath & Beyond, Harbor Freight Tools, Guitar Center, and Dunham’s Sports. The balance of the center is leased to a solid assortment of restaurants, necessity, service, and specialty retailers including Dorsey Schools, AAA, The UPS Store, H&R Block, Cottage Inn Pizza, The Cupcake Shoppe, and Charley’s Grilled Subs. DENSE RESIDENTIAL DEMOGRAPHICS – The center draws its consumer base from the solid demographics of Saginaw and the surrounding Tri-Cities communities, which feature a dense residential population of 96,454 people with average household incomes of $60,387 within a 5-mile radius of Fashion Corners. EXCEPTIONAL LOCATION & ACCESSIBILITY – The offering is strategically positioned across from Fashion Square Mall, a 795,000 square foot enclosed mall anchored by JCPenney, Macy’s, and Sears.
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