Skip to main content

Shopping Neighborhood

Kirklynn Plaza

22300 Goddard Rd, Taylor, MI 48180

Listing Price: $5,695,000

Cap Rate
6.89%
Gross SF
26,515
Rentable SF
26,515
Price/Gross SF
$214.78
Lot Size
2.81 acres
Year Built
1998

Investment Overview

A rare opportunity to own a CVS Drug anchored strip center on a signalized hard corner in Taylor, Michigan. Long term tenancy with an historically high occupancy rate. The center also has a tremendous tenant mix that adds to this stability. Immediate rental appreciation with built in rental increases and below market rents in the existing leases. The center has been very well taken care of with zero differed maintenance.

Investment Highlights

  • CVS anchored 26,515-squarefoot neighborhood Strip Center.
  • Signalized hard corner location at the N.E. corner of Goddard and Pardee in Taylor, Michigan. Ingres and Egress from both Pardee and Goddard Road
  • 100 percent occupancy with an outstanding tenant mix with long term tenancy. CVS has been a tenant since the center was built. Historically stable income stream with little or no vacancy
  • A generational asset that will offer solid cash on cash return as well as rental appreciation in the future. The rents for this center are currently below market for a center of this caliber

Exclusively Listed By

Shopping Neighborhood

Kirklynn Plaza

Listing Price: $5,695,000

Cap Rate
6.89%
Gross SF
26,515
Rentable SF
26,515
Price/Gross SF
$214.78
Lot Size
2.81 acres
Year Built
1998

Investment Highlights

  • CVS anchored 26,515-squarefoot neighborhood Strip Center.
  • Signalized hard corner location at the N.E. corner of Goddard and Pardee in Taylor, Michigan. Ingres and Egress from both Pardee and Goddard Road
  • 100 percent occupancy with an outstanding tenant mix with long term tenancy. CVS has been a tenant since the center was built. Historically stable income stream with little or no vacancy
  • A generational asset that will offer solid cash on cash return as well as rental appreciation in the future. The rents for this center are currently below market for a center of this caliber

Investment Overview

A rare opportunity to own a CVS Drug anchored strip center on a signalized hard corner in Taylor, Michigan. Long term tenancy with an historically high occupancy rate. The center also has a tremendous tenant mix that adds to this stability. Immediate rental appreciation with built in rental increases and below market rents in the existing leases. The center has been very well taken care of with zero differed maintenance.

Exclusively Listed By

MM Texture Background
MM Textured Background Lower