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Coldwater,MI_FFP_North -expansion
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For Sale
- SITE – “Fairfield Plaza–North” (FFP-North) is a 11,958-sf strip center located on 1.38 acres of land at the Southeast corner of Marshall St. (Old US Hwy 27 & State St. in Coldwater, MI
- TRAFFIC – The intersection of Marshall St. and State St. has an Average Daily Traffic (ADT) count of 15,982 vehicles. The speed of the traffic is moderate with the intersection controlled by a traffic light that allows for safe and easy in Ingress and Egress.
- LOCATION – on the Southeast corner of Marshall St. (Old US Hwy 27) & State St. in Coldwater, MI
- BUILDING – FFP-North is a three-tenant 11,958 square foot strip center anchored by a busy 9,120 sf Family Dollar store with great visibility of the buildings, the fascia signage as well as a large pylon signs at Marshall St. that lists the tenancy. To the east of the building is an area (approx.20,000 sq ft) that can be developed and could double the size of FFP-North.
- TENANCY – FFP-North strip center is has a combination of retail, service and restaurant tenant mix consisting of the following: a FAMILY DOLLAR, an HUNGRY HOWIE’S PIZZA and a DENTAL LABORATORY. All three are long-term tenants and combined generate a large amount of retail, service and restaurant traffic.
- DEMOGRAPHICS – The trade area is populated with approx. 21,546 folks in a 5-mile radius. Most of Coldwater’s population is to the west and south of FFP-North.
- TRAFFIC GENERATORS – The adjacent Fairfield Plaza to the south is a 130,671-sf retail center on 8.65 acres and is located on the east side of Marshall Street and just to the south of the above-mentioned FFP-North. Both properties have safe and easy ingress and egress from Marshall Street and there are multiple entrances to the properties. Fairfield Plaza and Fairfield Plaza-North have high visibility pylon signs which helps to easily identify the tenants and property. Join over 20 tenants and capitalize from the retail /service traffic that is generated. Benefit from other national, regional and local retailers such as: Subway, Shell, Sherwin Williams, Dance Factory, Select Health, Lin-car and many other retailers and service companies.
This is an EXCELLENT ‘upside’ investment opportunity – Don’t Pass It Up!
For Sale
SHOPPING CENTER: FAIRFIELD PLAZA-NORTH
MUNICIPALITY: Coldwater, Branch County
PROPERTY #: 302-000-000-003-00
SIZE: Aprox. 11,958 sf building on 1.38 Acres
ASKING PRICE: $995,000
$-SQ/FT: $83.21
CAP RATE: 6.71%
UTILITIES: All
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