KERR REAL ESTATE
Building Upon the Past & Shaping the Future
TOWN & COUNTY CENTER
496 W Plaza Dr, Columbia City, IN 46725
2,424 SF Available / Price Not Disclosed
A portion of the Town & Country Center, renovated in 2013, that is anchored by Dunham's Sports and a free-standing Dollar Tree. The property has ample parking and offers a newly designed courtyard between the two buildings.
Columbia City is located only 20 miles west of Fort Wayne, IN and less than 200 miles from Indianapolis, Chicago, and Detroit. Strategically located just off US-30, the clearly visible center experience high traffic counts year-round. Access to the location is aided by a fully signalized intersection, at US-30 and Armstrong Dr.
RECENTLY SOLD PROPERTIES
Auburn Plaza
1003 W 7th St, Auburn, IN 46706
August 28, 2018
Kroger anchored since 1999, Auburn Plaza has enjoyed a strong historical occupancy, helping it become the dominant shopping center in the area. The +/-162,650 square foot project is currently 99% occupied, with a diverse rent roll of 26 tenants, mitigating rent roll risk.
With an exceptional tenant roster and strong adjacencies, Auburn Plaza is at the epicenter of the Auburn retail market. Located in the county seat, the center enjoys strong demographics and traffic from all over the rural area.
Plymouth Plaza
1913 N Michigan St, Plymouth, IN 46563
August 28, 2018
Kroger anchored since 1972, Plymouth Plaza is the dominant food anchored center in the area. The +/-157,760 square foot shopping center is currently 95% occupied with 23 tenants, strongly mitigating rollover risk. With percentage rent income over base rent, Plymouth Plaza enjoys a strong and stable NOI. Moreover, the shopping center enjoy easy access from both street and freeway.
With employment opportunities abound in the area, and home of the famed Culver Academy, Plymouth is a great place to work and live.
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Plaza at Manistee
1369 US-31, Manistee, MI 49660
April 30, 2018
The Plaza at Manistee is situated on approximately 4.83 acres, with a gross leasable area of 62,000 square feet, and is tenanted by Peebles, Dunham's Sports, and a recently expanded Dollar Tree. All three tenants have long term leases that show their commitment to the center.
The center is situated along US-31, offering easy access and high traffic counts. The property is located only two miles from the shores of Lake Michigan and just outside the heart of Manistee, MI.
Owosso East
1311 E Main St, Owosso, MI 48867
January 11, 2018
At +/-132,875 square feet, Owosso East enjoys a strong and diverse tenant list, strongly mitigating rollover risk. The shopping center is currently 99% occupied with 25 tenants.
Halfway between Lansing and Flint, the shopping center is located at a signalized intersection near downtown Owosso and the city's core housing stock. Owosso East is shadow anchored by Kroger and surrounded by fast food, making it the place to shop in Owosso.
STURGIS PLAZA
713 S Centerville Rd, Sturgis, MI 49091
January 11, 2018
At +/-157,800 square feet, Sturgis Plaza is currently 98% occupied and enjoys a strong mix of 28 tenants. Kroger anchored since 1994, shopping center has enjoyed strong historical occupancy and a stable NOI.
Sturgis Plaza enjoys the best location in town on the main retail corridor, with multiple access points. The town, itself, enjoys a strong employment base, with employers such as Abbott Nutrition, Morgan Olsen, and Sturgis Hospital leading the community.
PLAZA EAST
201 Duesenberg Dr, Auburn, IN 46706
July 11, 2017
The 16,246 SF Plaza East neighborhood center enjoys complete NNN occupancy and a diverse tenant list, featuring Subway, with a drive thru, Edward Jones, State Farm, and Marco's Pizza.
Strategically located between the downtown area the the adjacent Dekalb Health, the neighborhood is at the heart of residential Auburn, providing a convenient alternative to the retail surrounding I-69.
TOWNSEND CENTRE
1939 S Scott Rd, St Johns, MI 48879
February 15, 2017
The Townsend Centre is situated on approximately 9.39 acres, with a gross leasable area of (GLA) 69,162 square feet, and is is tenanted by Peebles, Dunham's Sports, and Family Farm and Home. The center is completely leased with triple net leases (NNN), with the additional benefit of schedule rent increases.
The center is situated along the business branch of US-127, offering easy access and high traffic counts. Just 20 miles north of Lansing, St Johns is located near the intersection of I-96 and I-69, which carry traffic between Grand Rapids, Detroit, Fort Wayne, Indianapolis, and Ontario.
FAIRFIELD PLAZA
416 Marshall St, Coldwater, MI 49036
August 1, 2017
At the current occupancy rate of 65%, the +/-132,630 square foot Fairfield Plaza presents the opportunity to acquire a retail asset with a lot of room to grow; a stabilized NOI at 75% occupancy could reach $450,000 or higher. The current rent roll enjoys a fair amount of diversification and provides a solid foundation to build upon.
Neighbored immediately to the south by Family Fare, a major regional grocery chain, the shopping center enjoys strong visibility and traffic counts.