Gourmet Supermarket with Shopping Center!
Business Description
Don't miss this exceptional opportunity to own a premier gourmet supermarket and upscale shopping center in Southwest Michigan. This high-end market generates over $7.5 million in annual revenue with a cash flow of $413,000 per year, offering significant growth potential. Built within the last seven years, both the supermarket and shopping center are fully turnkey and impeccably maintained.
Revenue can be further increased by adding lottery sales, a bakery, and prepared foods. The shopping center, situated on approximately five acres in a densely populated area surrounded by new housing developments, features secure leases with reputable tenants under long-term contracts with annual rent increases.
The center is listed at an 8.7% CAP rate, producing $783,080 in Net Operating Income (NOI). Additionally, there's an opportunity to further increase NOI through a land lease or a build-to-suit project on an available outlot.
Serious inquiries only. Proof of funds will be required before disclosing further details. Call today to explore this outstanding investment opportunity!
Revenue can be further increased by adding lottery sales, a bakery, and prepared foods. The shopping center, situated on approximately five acres in a densely populated area surrounded by new housing developments, features secure leases with reputable tenants under long-term contracts with annual rent increases.
The center is listed at an 8.7% CAP rate, producing $783,080 in Net Operating Income (NOI). Additionally, there's an opportunity to further increase NOI through a land lease or a build-to-suit project on an available outlot.
Serious inquiries only. Proof of funds will be required before disclosing further details. Call today to explore this outstanding investment opportunity!
About the Business
- Years in Operation
- 8
- Employees
- 40
- Facilities & Assets
- Included in Sale:
59,148 Square Feet Shopping Center @ 8.7 CAP, $783,080 Net Operating Income
29,750 Square Foot Gourmet Supermarket with over $3.5MM Buildout(Cashflow $413,000) - Market Outlook / Competition
- Several New Housing Developments in surrounding areas to further increase population and traffic
- Opportunities for Growth
- Center is currently at 94% occupancy with potential for a build-to-suit or Land Lease in the outlot
Real Estate
- Owned or Leased
- Owned
- Included in asking price
- Building Sq. Ft.
- 59,148
About the Sale
- Seller Motivation
- Seller has other interests
- Transition Support
- Seller will offer Training
Listing Info
- ID
- 2341519
- Listing Views
- 2589
Listing ID: 2341519 The information on this listing has been provided by either the seller or a business broker representing the seller. BizQuest has no interest or stake in the sale of this business and has not verified any of the information and assumes no responsibility for its accuracy, veracity, or completeness. See our full Terms of Use. Learn how to avoid scams.
Businesses for SaleMichigan Businesses for SaleMichigan Food & Beverage Businesses for SaleMichigan Grocery & Supermarkets Businesses for Sale