1325 Main StAdrian, MI 49221

North Town Commons, a 13,200 square foot shopping center in Adrian, Michigan, presents a compelling investment opportunity. This stabilized, 100% occupied, multi-tenant property boasts a 7.34% cap rate and a strong NOI of $161,557. Built in 2008 and featuring 50 parking spaces, the center benefits from a recent parking lot upgrade (August 2024). Seven tenants, including a regional credit union (TLC Community Credit Union), a medical practice (Dr. Martin's Foot & Ankle), Edward Jones, a drive-thru restaurant (Knights in Shining Aprons), AAA, and Sprouts 3D Physical Therapy, occupy the space under NNN leases with CAM charges. The property features three drive-ups, two curb cuts, and potential for six additional parking spaces. The asking price is $2,200,000, translating to $166.67 per square foot. Several tenants have rent bumps built into their leases. The property is zoned B-2 and has a total of eight units. This well-maintained shopping center offers a secure and profitable investment with long-term tenants and a high occupancy rate. The property's location at 1325 N Main St, Adrian, MI 49221, ensures high visibility and accessibility. APN: XA0-100-0314-00.