530 S State St is aretail property for lease in Sparta, MI.
NAI Wisinski presents the Investment Sale of a multi-tenant retail center ideally located on South State Street in Sparta Michigan. The building consists of approximately 25,124 square feet and is currently divided into 5 retail suites. This asset offers an investor the opportunity to own a 100% occupied retail center with a strong leasing history and several credit tenants with long term leases. The property is superbly maintained and features a newly paved and
striped parking lot, as well as an attractive, new, architecturally appealing façade. Tenants enjoy high street exposure from a large pylon sign, along with great vehicle access and visibility to S State Street. Applewood Center is offered at an attractive 9.41% year 1 cap rate based on in-place income, representing a value of $2,000,000.