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Retail

Hastings Center

Hastings, MI

186,230 SqFt

Built in 1990

Suburban Core

Investment Highlights

  • 91 Percent Occupied 186,230-Square-Foot Grocery- Anchored Community Shopping Center in Hastings, Michigan
  • Anchored by Family Fare Supermarket (Spartan Nash) - Occupies 28 Percent of Gross Leasable Area on Triple-Net Lease into 2029
  • Family Fare Invested Over $3 Million in Improvements | Has Drive-Thru Pharmacy
  • Family, Farm & Home Occupies 18 Percent of Gross Leasable Area on Cheap Rent Gross Lease into 2030; Top 21 Percent Nationally
  • New 10-Year Lease with T.J. Maxx at $9.50 per Square Foot Triple-Net Lease (23,000 Square Feet; 13 Percent of Gross Leasable Area)
  • Seven and a Half Years of Weighted Average Lease Term Remaining
  • Below Market Rent for Applebees and Family Fare Gas Station
  • Potential to Add Value via Lease up of Two Vacant Small Shop Units Totaling 8,500 Square Feet

Exclusively listed by

Broker of Record

Steven Chaben

Senior Vice President / Regional Manager

(248) 415-2600

License(s): MI: 6502387903

Michigan

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