1706-1818 Lawndale Rd | Saginaw, MI 48638
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1706-1818 Lawndale Rd
Saginaw, MI 48638
West Wood Plaza (Walmart Shadow Retail) · Retail Property For Sale
INVESTMENT HIGHLIGHTS
- Walmart Shadow Retail Center - Walmart Owns their Real Estate and Purchased it from the Developer in 2000 (Exhibits Walmart's Commitment)
- Value Add Retail Center - 87% Occupied with Immediate Upside in Filling Vacancies
- Walmart's Strength as an Essential Retailer Resulted in the Tenant base at Westwood Plaza performing Exceptionally Well During COVID-19
- Strong Tenant Base that Feeds off of Walmart - Dollar Tree, Sally Beauty Supply, Rent a Center, CATO etc.
- Roughly $100 PSF - Priced Significantly Below Replacement Cost
- Many Tenants Have ZERO Renewal Options Remaining Giving Landlord Leverage in Lease Negotiations
PROPERTY FACTS
Property Type
Retail
Property Subtype
Building Size
50,150 SF
Building Class
B
Year Built
1998
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.04
Lot Size
28.70 AC
Zoning
B-2 - Commercial
Parking
334 Spaces (6.66 Spaces per 1,000 SF Leased)
Frontage
AMENITIES
- Dedicated Turn Lane
- Pylon Sign
- Signage
- Energy Star Labeled
PROPERTY TAXES
| Parcel Number | 23124202002009 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $2,241,400 |
PROPERTY TAXES
Parcel Number
23124202002009
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$2,241,400
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