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West Branch Outlet Shops

Listing was updated on: 06/03/2019
West Branch Outlet Shops

Property Overview

Price/Rent PSF $ 9,988,000.00
Asset Type Retail
Trade Type Sale
SQ. FT. Available INQUIRE
Date Available 08/07/2018
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Description

Hakimi Capital, as the exclusive advisor to the Owner, is pleased to present the opportunity to acquire 100% fee simple interest in West Branch Outlet Shops. The 112,570 square-foot outlet is home to a tenant line-up consisting heavily of national retailers including Old Navy, Gap, and Coach, among others. The outlet is situated directly off Interstate 75, Michigan’s primary north/ south road-way, in the heart of West Branch’s retail corridor. Occupancy currently stands at 75% giving the next investor the opportunity to create value through lease-up and the development of a 1.38-acre vacant land parcel. West Branch Outlet Shops benefits from the tourist draw to the region, with many travelers passing by the center each day commuting to or from Traverse City, Mackinac Island, Harbor Springs, or other lakefront towns found along Michigan’s 3,000 miles of Great Lakes shoreline. The asset is equidistant from many of these year-round, destination cities to the north and Detroit to the south.

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