Owosso Shopping Center
Owosso, MI-48867
Overview
Price
$4,791,728
Cap Rate
8.8%
NOI
$361,305
Leasable Area
27,980 SF
Year Built
1998
Occupancy
100%
Status
Available
Price Per SF
$171
Property Highlights
NMR & Associates is pleased to present the Rite Aid | Advance Auto Parts Center, a 27,980 Square Foot retail center located on
East Main Street in the Lansing suburb of Owosso, MI. The property is currently 100% percent occupied by various tenants
on NNN leases and is anchored by a Rite Aid Pharmacy store and Advance Auto Parts. Rite Aid recently illustrated it’s long term
commitment to this site by executing a new 10 year lease renewal as well has transformed the store to their preferred
Wellness Concept. “Genuine Wellbeing Remodels” cost approximately $500,000.
