Aspen Dental / AT&T | 6385 B Dr N
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Aspen Dental / AT&T 6385 B Dr N
8,064 SF 100% Leased Retail Building Battle Creek, MI 49014 $4,250,000 ($527/SF) 6.95% Cap Rate
Investment Highlights
- Corporate Leases for both Aspen Dental and AT&T
- Top performing location for Aspen Dental based on Placer AI data
- Very strong retail corridor with strong occupancy and national credit tenants
- Recently extended lease for AT&T
- Outlot to top performing Meijer
- Hard corner at signalized intersection
Executive Summary
Bellagio Real Estate Partners, LLC, in conjunction with Stokas Bieri Real Estate, is pleased to present the opportunity to acquire an AT&T and Aspen Dental outlot center located at 6385 B Drive N, Battle Creek, Michigan. The asset is occupied by two attractive national retailers with corporate leases: Aspen Dental and AT&T. AT&T just extended for a new 5 year lease term, demonstrating their long term commitment to the location and submarket. The site is surrounded by area attractions such as: Meijer, Target, Walmart, Best Buy, Hobby Lobby, Kohl’s, Michaels, Petco, Sam’s Club, Menards, Walgreens, and Starbucks, among many others.
Data Room Click Here to Access
Financial Summary (Actual - 2024) Click Here to Access |
Annual | Annual Per SF |
---|---|---|
Gross Rental Income | - | - |
Other Income | - | - |
Vacancy Loss | - | - |
Effective Gross Income | - | - |
Net Operating Income | $99,999 | $9.99 |
Financial Summary (Actual - 2024) Click Here to Access
Gross Rental Income | |
---|---|
Annual | - |
Annual Per SF | - |
Other Income | |
---|---|
Annual | - |
Annual Per SF | - |
Vacancy Loss | |
---|---|
Annual | - |
Annual Per SF | - |
Effective Gross Income | |
---|---|
Annual | - |
Annual Per SF | - |
Net Operating Income | |
---|---|
Annual | $99,999 |
Annual Per SF | $9.99 |
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Building Size
8,064 SF
Building Class
B
Year Built
2008
Price
$4,250,000
Price Per SF
$527
Cap Rate
6.95%
NOI
$295,394
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.14
Lot Size
1.37 AC
Zoning
C-1
Parking
61 Spaces (7.56 Spaces per 1,000 SF Leased)
Frontage
133 FT on B Drive N
Nearby Major Retailers
PROPERTY TAXES
Parcel Number | 10-030-011-15 | Improvements Assessment | $0 |
Land Assessment | $0 | Total Assessment | $705,440 |
PROPERTY TAXES
Parcel Number
10-030-011-15
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$705,440
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Aspen Dental / AT&T | 6385 B Dr N
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