2400 W M 32
Gaylord, MI 49735

The Jonna Group of Marcus & Millichap is pleased to present the exclusive listing for Alpine Crossings, a 52,000-square feet TJ-Maxx anchored center, located in Gaylord, Michigan. This Kohl’s shadow-anchored center is ideally situated on the main retail thoroughfare in Gaylord directly across from the 2009-built Meijer superstore. The center was built to suit in 2006 and consists of a complimentary best-in-class tenant mix to include TJ Maxx, Ulta Beauty, and PetSmart all operating under true NNN leases. TJ Maxx, S&P A+ rated, signed an initial 10-year lease and is reportedly a market performer at this location. Ulta Beauty has over 5 years remaining that includes (3) 5 year options with increases every 5 years, including options. PetSmart recently inked a brand new 10-year lease that includes (4) 5 year options with increases, a testament to the quality and sustainable longevity of this site. The center is well-positioned on over 28 acres. Gaylord is a unique market with higher density retail trade zones that serve as a regional destination to shoppers throughout the locale and surrounding outskirts. Multiple national retailers in the immediate vicinity include Walmart, The Home Depot, Lowe’s, Meijer, Kohl’s, Pet Supplies Plus, Dollar Tree, Big Lots, Bath & Body Works, ALDI, Save-A-Lot, GFS, Buffalo Wild Wings, Taco Bell, KFC, Wendy’s, McDonald’s, Starbucks, Advance Auto Parts and many more. An incoming investor will enjoy top-tier publicly traded credit, national tenant revenue streams, minimal to zero management, and excellent high yielding returns for years to come. Additionally, there are prime outparcel development opportunities adjacent to the site and sold separately. The subject property is located in Gaylord, Michigan, the county seat of Otsego County. Gaylord styles itself as an "Alpine Village" and the city center features many buildings with Tyrolean traverse style motifs. The area around Gaylord has long been known for its many skiing and golf resorts, one of the largest such concentrations in the Midwest. Millions of tourists each year flock to Gaylord for various seasonal activities, with top-rated ski resort venues and parks.