For Sale
$4,352,696

4738 Central Park Dr Meridian charter Township, MI 48864

High-Occupancy Shopping Center, Excellent ROI

Overview

Added:
Dec 11, 2024
Days on market:
127
This exceptional investment opportunity presents a well-maintained, Class A shopping center located at 4738 - 4750 Central Park Drive, Meridian Charter Township, MI 48864. The property, identified by APN 33-02-02-22-401-005, consists of two single-story buildings totaling 19,168 square feet, constructed in 2001. Currently boasting a 90% occupancy rate, the center houses ten units leased to a strong tenant mix including Bank of America and Domino's Pizza. This fee simple ownership offers a multi-tenant net lease investment opportunity with significant potential for long-term growth. The property's prime location in the thriving Okemos community ensures high visibility and consistent foot traffic. The asking price is $4,352,696, translating to a price per square foot of $227.08. This well-positioned retail center represents a secure and lucrative investment prospect for discerning buyers seeking a stable and high-performing asset in a desirable market. The property's strong tenant base and high occupancy rate contribute to a robust cash flow, making it an attractive addition to any investment portfolio. This is a rare opportunity to acquire a well-established and profitable shopping center in a prime location.

Highlights

  • $4,352,696 asking price for a Class A, 19,168 SF shopping center.
  • Net lease investment opportunity in Meridian Charter Township, MI.
  • Multi-tenant property with Bank of America and Domino's Pizza as anchors.
  • 90% occupancy across 10 units in two, one-story buildings.
  • $227.08 price per square foot.

Property Details for 4738 Central Park Dr

Property type
Lifestyle centers, Power centers
Square Feet
19,168 SF
Class
A
Year Built
2001
Buildings
2
Stories
1
Units
10

Location Insight

City
Meridian charter Township
County
Ingham
State
Michigan
Latitude
42.718594957417
Longitude
-84.409426628802
4738 Central Park Dr, Meridian charter Township, Michigan

FAQs

What type of property is this?
Lifestyle center - High-Occupancy Shopping Center, Excellent ROI
Where is the lifestyle center located?
The property is located at 4738 Central Park Dr Meridian charter Township, MI.
What is the asking price?
The asking price for this property is $4,352,696.
What are key features of this property?
This property features: $4,352,696 asking price for a Class A, 19,168 SF shopping center.; Net lease investment opportunity in Meridian Charter Township, MI.; Multi-tenant property with Bank of America and Domino's Pizza as anchors.
How can I contact the broker?
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4738 Central Park Dr
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