1006 Lafayette Avenue is aretail property for lease in Bay City, MI.
. Attractive Grocery Anchored Neighborhood Shopping Center
. Majority National Credit Tenants With NNN Leases
. 72% Occupancy With Potential For Outlot Development
. Over 47,000 Square Feet With 266 Parking Spaces
. Great Demographic Density Within Immediate Trade Area
The Jonna Group of Marcus & Millichap is pleased to present for sale a grocery anchored retail plaza located in Bay City, Michigan. This 47,655 Square Foot plaza is situated on the hard corner signalized intersection of Lafayette Avenue & Fitzhugh Street. The center is anchored by Save A Lot Stores and Family Dollar along with a great mix of national and local tenants that service the dense rooftop count in the immediate area. All tenants are on NNN leases leaving minimal exposure to landlord. The center also offers great upside to future investors with its two vacant units totaling 13,455 sf.
Bay City has a broad economic base supported by such well-known companies as General Motors Corp. Dow Corning Corp. and S.C. Johnson Inc. Local companies include Michigan Sugar Co. (Big Chief Sugar/Pioneer Sugar) and McLaren Bay Region, Delta College, and Saginaw Valley State University in addition to providing educational opportunities, are also substantial employers in the community.